trending Market Intelligence /marketintelligence/en/news-insights/trending/M84o2F3fRyZ5vOTCt4eCOQ2 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 Wednesday: JPMorgan up following earnings report, living will verdict

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

Midday Wednesday: JPMorgan up following earnings report, living will verdict

Bank and thrift stocks continued to climb in morning trading Wednesday, April13. Around midday, the SNL U.S. Bank Index jumped 2.74% to 389.14 and the SNLU.S. Thrift Index rose 1.15% to 787.71.

The Dow Jones Industrial Average advanced 0.68% to17,841.10, the S&P 500 increased 0.64% to 2,074.95 and the Nasdaq compositeindex went up 1.13% to 4,927.37.

The Federal Reserve and the FDIC have determined that the2015 resolution plansof Bank of AmericaCorp., Bank of NewYork Mellon Corp., JPMorgan Chase & Co., and were "notcredible or would not facilitate an orderly resolution under the U.S.Bankruptcy Code."

CitigroupInc.'s resolutionplan was found to have shortcomings that the company must address,but neither regulator found the plan to be "not credible."

Around midday, BofA gained 3.28% to $13.71, BNY Mellonclimbed 3.03% to $37.22, State Street increased 2.44% to $58.89, Wells Fargoadded 1.38% to $48.43 and Citi went up 4.51% to $43.79.

JPMorgan rose 3.80% to $61.53. The company on April 13reported first-quarter netincome applicable to common stockholders of $4.99 billion, or $1.35per share, compared to $5.45 billion, or $1.45 per share, for the same periodin 2015.

Among notable movers, New Orleans-based jumped9.04% to $21.17; Texas CapitalBancshares Inc. climbed 7.35% to $40.56; Gulfport, Miss.-basedHancock Holding Co.rose 6.27% to $24.75; and Santa Clara, Calif.-based SVB Financial Group went up 5.91% to $108.38. Fort Lee,N.J.-based Bancorp of New JerseyInc., meanwhile, fell 1.32% to $11.18 in morning trading.

In the thrift space, Westbury, N.Y.-based tickedup 1.77% to $15.42; San Diego-based BofI Holding Inc. advanced 8.53% to $23.92; LakeSuccess, N.Y.-based AstoriaFinancial Corp. rose 1.93% to $15.34; and Cleveland-basedTFS Financial Corp.(MHC) increased 2.02% to $17.69.

In economic news, mortgage applications in the week ended April 8 climbed10% from the previous week on a seasonally adjusted basis, the Mortgage BankersAssociation reported April 13, citing the results of its weekly mortgageapplications survey. On an unadjusted basis, the market composite index, whichmeasures mortgage loan application volume, also increased 10% week over week.

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