trending Market Intelligence /marketintelligence/en/news-insights/trending/pxtfw1j30casfium0rwt9w2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Midday Wednesday: Bank stocks trading lower

L.K. Bennett: Bankruptcy Case Study

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry


Midday Wednesday: Bank stocks trading lower

Bank and thrift stocks, as well as the broader markets, were trading lower around midday on Wednesday, Dec. 21, following yesterday's positive close.

The SNL U.S. Bank Index was down 0.34% to 538.46, and the SNL Thrift Index fell 0.72% to 966.92. The Dow Jones Industrial Average decreased 0.09% to 19,957.24, the S&P 500 slid 0.14% to 2,267.68 and the Nasdaq composite index was 0.24% lower to 5,470.85.

New York Community Bancorp Inc. lost 4.06% to $16.07 while Astoria Financial Corp. added 3.16% to $18.75, a day after the two New York-based thrifts mutually terminated their merger.

BB&T Corp.'s stock slid 0.63% to $47.35 around noon. The FDIC and the North Carolina Commissioner of Banks issued a consent order to its unit, Branch Banking and Trust Co., over internal control deficiencies related to its Bank Secrecy Act and Anti-Money Laundering compliance program.

The biggest names in the banking scene also headed south. JPMorgan Chase & Co. slipped 0.23% to $86.33, Wells Fargo & Co. lost 0.54% to $55.79, Citigroup Inc. retreated 0.63% to $60.42, and Bank of America Corp. declined 0.44% to $22.61.

Among other notable movers, Banc of California Inc. retreated 1.69% to $17.45, and Texas Capital Bancshares Inc. slid 2.16% to $79.45.

In economic news, total existing-home sales climbed 0.7% to a seasonally adjusted annual rate of 5.61 million in November, from a downwardly revised 5.57 million in October. November's sales pace is now the highest since February 2007 and is 15.4% higher than a year ago, according to the National Association of Realtors.

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