Stocks rose on Monday, sending the Dow Jones industrial average up 1 percent, as bank shares advanced following an upgrade of Goldman Sachs Group . and bullish comments from an influential analyst.

Investors were also hoping corporate quarterly results in the financial sector could be surprisingly strong. Goldman shares were up 4.2 percent, while Bank of America -- a Dow component -- climbed 5.1 percent.

The Dow Jones industrial average <.DJI> was up 74.51 points, or 0.91 percent, at 8,221.03. The Standard & Poor's 500 Index <.SPX> was up 7.32 points, or 0.83 percent, at 886.45. The Nasdaq Composite Index <.IXIC> was up 9.38 points, or 0.53 percent, at 1,765.41.

(Reporting by Ellis Mnyandu; Editing by Padraic Cassidy)