U.S. banks are now resigning themselves to at least another few quarters of low rates, executives and analysts said.» Read More
Banks including Wells Fargo& Co and PNC Financial Services Group are contemplating steps like investing their extra cash at current low yields or using derivatives that pay off if rates stay low. Positioning for higher rates has cost the 20 largest U.S. banks somewhere between $2.5 billion and $3 billion of income each quarter, roughly 6 percent of their...
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell. 6 percent to $33.79 with 33,768,900 shares traded. Avon Products Inc. rose 14.6 percent to $8.66 with 48,047,700 shares traded.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 1 percent to $34.00 with 32,219,800 shares traded. Bank of America Corp. rose 1.0 percent to $15.41 with 99,433,300 shares traded.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alcoa Inc. rose 1.8 percent to $15.55 with 25,747,400 shares traded. Bank of America Corp. fell. 8 percent to $15.26 with 105,959,900 shares traded.
Some of the names on the move ahead of the open.
*Oil lower again, Halliburton set to report results. *FXCM shares plummet 80 percent, details loan agreement. NEW YORK, Jan 20- U.S. stock index futures rose modestly on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.
BIRMINGHAM, Ala. _ Regions Financial Corp. on Tuesday reported fourth-quarter profit dropped by almost 4 percent to $211 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. Regions Financial shares have declined 14 percent since the beginning of the year, while the Standard& Poor's 500 index...
U.S. stock index futures signaled a higher open as investors gear up for a big day of major earnings, amid speculation that the ECB will announce QE.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AT&T Inc. rose 1.6 percent to $33.78 with 18,824,300 shares traded. Bank of America Corp. rose. 4 percent to $15.26 with 89,392,600 shares traded.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alcoa Inc. rose. 1 percent to $14.97 with 26,064,400 shares traded. Bank of America Corp. fell 5.2 percent to $15.20 with 176,727,500 shares traded.
An ETF that tracks regional banks is outperforming the S&P 500 in December, and commodity stocks have rebounded in the last week.
Less cash flow from oil companies could pinch loan payments to banks but more gas savings in consumers' wallets will create new business.
The "Fast Money" traders give their final trades of the day.
Take a look at some of Wednesday's midday movers:
Despite better-than-expected results from many banks, financials was the worst-performing sector on Wednesday morning.
Life is about to get more difficult for the nation's big banks but possibly a whole lot easier for the small ones.
The stock market has been able to bounce back from every negative headline and set fresh record highs. But, some stocks have fared better than others.
Post-election committee leadership changes and growing momentum behind bipartisan fixes may lead to tweaks to the 2010 Dodd-Frank law for the smallest community banks, larger firms such as PNC Financial Services of Pittsburgh and Regions Financial of Birmingham, Alabama, and insurers, lobbyists and congressional staffers said.
If the Supreme Court rules in favor of Halliburton and against shareholders, then other businesses will gain, as well.
The "Fast Money" traders share their final trades of the day.