trending Market Intelligence /marketintelligence/en/news-insights/trending/dx34her0goyxvxgytteccw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Tuesday's Bank Stocks: Markets up slightly as investors await Fed decision

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' liquidity conundrum could fuel M&A activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Tuesday's Bank Stocks: Markets up slightly as investors await Fed decision

The major stock indexes ticked up slightly March 20 as investors anticipated a likely interest rate hike from the Federal Open Market Committee.

The FOMC is widely expected to raise the benchmark federal funds rate by 25 basis points, and observers are watching for any signs of faster tightening in 2018 in the committee's March 21 statement or in Jerome Powell's first news conference as Fed chair.

The major U.S. stock indexes rose ahead of the Fed's decision, with the Dow Jones Industrial Average increasing 0.47% to 24,727.27, the S&P 500 gaining 0.15% to 2,716.94 and the Nasdaq Composite Index adding 0.27% to 7,364.30. The increases follow a sell-off March 19 that was sparked by a major drop in Facebook Inc. shares.

The SNL U.S. Bank Index was down 0.24% to 637.83, while the SNL U.S. Thrift Index slid 0.47% to 974.79.

Among the Big Four banks, JPMorgan Chase & Co. improved 0.10% to $114.64, while Citigroup Inc. tacked on 0.30% to $72.92. Bank of America Corp. stayed unchanged at $31.98, while Wells Fargo & Co. dropped 1.05% to $54.90.

Major movers included Byline Bancorp Inc., which surged 4.97% to $24.31, and OFG Bancorp, which lost 2.93% to $11.60.

S&P Dow Jones Indices and S&P Global Market Intelligence are owned by S&P Global Inc.

Market prices and index values are current as of the time of publication and are subject to change.