trending Market Intelligence /marketintelligence/en/news-insights/trending/koPoi80lXN5rpd4cOhWZOQ2 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

Midday Friday: Banks, broader markets in positive terrain

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Midday Friday: Banks, broader markets in positive terrain

After yesterday's losses, bank and thrift stocks posted gains inmorning trading Friday, April 8. Around midday, the SNL U.S. Bank Index went up1.73% to 374.45 and the SNL U.S. Thrift Index advanced 1.27% to 773.57.

The broader markets also moved higher, with the Dow JonesIndustrial Average advancing 0.56% to 17,640.03, the S&P 500 increasing0.62% to 2,054.57 and the Nasdaq composite index rising 0.40% to 4,867.81.

Among large-caps, JPMorganChase & Co. gained 1.71% to $58.28, added 1.04% to$47.42, Bank of AmericaCorp. climbed 1.79% to $13.07 and Citigroup Inc. increased 1.84% to $41.01 around midday.

PacificPremier Bancorp Inc. saw its stock dip 0.29% to $20.32 around noon.According to a preliminary proxy statement, the company is seeking shareholderapproval to amendits certificate of incorporation to increase the company's authorized commonshares to 100 million from 50 million.

Among notable movers, Houston-based gained 4.37% to$7.17; San Juan, Puerto Rico-based First BanCorp. advanced 5.88% to $2.70; McKinney,Texas-based Independent BankGroup Inc. rose 3.88% to $26.79; San Antonio-based went up 2.79%to $53.37; Gulfport, Miss.-based Hancock Holding Co. climbed 2.29% to $22.53; andNashville, Tenn.-based PinnacleFinancial Partners Inc. increased 2.13% to $49.15. Fort Lee,N.J.-based Bancorp of New JerseyInc., meanwhile, dropped 6.33% to $11.62 in morning trading.

In the thrift space, Westbury, N.Y.-based advanced1.38% to $15.10; San Diego-based BofI Holding Inc. added 2.78% to $21.23; Lake Success,N.Y.-based Astoria Financial Corp.ticked up 1.39% to $15.00; and Cleveland-based increased1.17% to $17.31.

In economic news, the U.S. Census Bureau reported thatFebruary 2016 sales of merchant wholesalers, except manufacturers' salesbranches and offices, after adjustment for seasonal variations and trading-daydifferences but not for price changes, were $427.6 billion, down 0.2% from therevised January level and down 3.1% from the February 2015 level.

Total inventories of merchant wholesalers, exceptmanufacturers' sales branches and offices, after adjustment for seasonalvariations but not for price changes, were $583.3 billion at the end ofFebruary, down 0.5% from the revised January level, but were up 0.6% from theFebruary 2015 level.

Market prices andindex values are current as of the time of publication and are subject tochange.