Dow Rises to Highest Since ’07 on Economy as Banks Rally

U.S. stocks advanced, sending the Dow Jones Industrial Average to the highest level since 2007, amid data showing that retail sales increased by the most in five months and as JPMorgan Chase & Co. boosted its dividend.

JPMorgan surged 7 percent after also unveiling a $15 billion buyback. Bank of America Corp. and Goldman Sachs Group Inc. rose at least 6.2 percent. Citigroup Inc., which rallied