Wall St. higher; financial stocks lead

Bank of America rose 3 percent to $17.66, poised for its best day in five months, after reporting its biggest quarterly profit in nearly four years. Yellen said she expects the economy to grow steadily for the rest of the year, allowing the Fed to hike rates, but gave no direct hint on the timing or pace of a hike. The Fed is broadly expected to hike rates in September or December.