ET today, while shares of Citigroup (NYSE: C) traded 5.2% higher, and shares of Wells Fargo (NYSE: WFC) were up nearly 5% as well. What happened Shares of several major Wall Street banks moved higher today after the market staged a stunning reversal following a hotter-than-expected inflation report. Well, for one, market participants still overwhelmingly believe there is a high probability the Fed only raises rates by 0.75 percentage points at its November meeting, which has been expected for quite some time.