Kelly King, BB&T Corporation Chairman & CEO, explains the Department of Housing and Urban Development request for an audit survey. "We've not been fined or found guilty of anything, and we're not sure we'll have an audit," he says.» Read More
Weak mortgage results from JPMorgan and Wells Fargo don't bode well as regional banks begin to report earnings, says one pro.
So did at least one law firm, a hedge fund, a private equity fund, trade groups and lobbyists.
Some smaller regional lenders are seeing increasing commercial loan demand. Here are previews for the five largest U.S. regional banks by TheStreet.com.
Stocks finished in negative territory Friday, with the Dow snapping a 10-day win streak and the S&P 500 ending shy of its record closing level, following a disappointing consumer sentiment report and as investors started to question whether the recent rally has run out of steam.
Some of the names on the move ahead of the open.
On Friday, the Dow will shoot for an 11th straight day of gains as well as its 11th consecutive Friday gain. The Dow has not been down any day in March and any Friday in 2013, on pace for its 4th straight weekly gain, while the S&P 500 and the Nasdaq are up 3 weeks in a row.
Check out which companies are making headlines after the bell Thursday:
Most banks got the green light from the Fed with their capital plans. In a surprise, Goldman Sachs and JPMorgan Chase received only "conditional approval."
Veteran bank analyst Richard Bove continues to be bullish on the banking sector.
Wells Fargo's valuation to the consensus forward earnings estimate is only slightly above the rest of the "big four" U.S. banks, despite being the strongest and steadiest earner among the group for many years. TheStreet.com reports.
U.S. Bancorp and JPMorgan have been unfairly punished, analysts say.
Traders will be watching Thursday's earnings closely for signs of any trend that could break stocks out of their doldrums.
The long-term bull case for Boeing remains, despite 787 Dreamliner troubles, Carter Leake of BB&T Capital Markets says.
Day to day market moves giving you a headache? Cramer said think 'themes' and you may feel better.
Take a look at some of Monday's midday movers:
After the U.S. Fed announcement, the KBW Bank Index closed higher. TheStreet.com on the winners and losers.
Britain's FTSE 100 lost 0.1 percent to 5,910.04 in early trading. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. BB&T bank, Philip Morris International and Boston Scientific also reported results that fell short of forecasts.
Markets in mainland China, Singapore, Thailand, Indonesia and India were down. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. Microsoft shares fell in after-hours trading.
European Union leaders opened a two-day meeting in Brussels on Thursday and took a critical step by agreeing to create a banking supervisor to oversee institutions in the 17 countries using the euro. South Korea's Kospi lost 0.9 percent to 1,942.47 and Australia's S&P/ASX 200 fell 0.1 percent to 4,554.50.
BB&T profits were up but missed its expectations. Shares of the company dropped after the miss. Kelly King, chairman & CEO of BB&T Corporation, discusses the procedure for his company's earnings release, and its Q3 results.