trending Market Intelligence /marketintelligence/en/news-insights/trending/VkTTQUoXSRqh2s8baAWdNA2 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 Tuesday: Banks, broader markets move higher

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 Tuesday: Banks, broader markets move higher

Bank and thrift stocks added to during morning tradingTuesday, July 12. Around midday, the SNL U.S. Bank Index advanced 1.47% to393.45 and the SNL U.S. Thrift Index gained 0.92% to 798.11.

The Dow Jones Industrial Average climbed 0.50% to18,318.19, the S&P 500 increased 0.60% to 2,149.98 and the Nasdaq compositeindex rose 0.66% to 5,021.81.

In banking news, JPMorgan Chase & Co.'s Jamie Dimon disclosed in anopinion piece in The New York Timesthat the company will raisethe minimum pay for 18,000 employees over the next three years. Aroundmidday, JPMorgan ticked up 1.41% to $63.15.

CitigroupInc. climbed 2.28% to $43.26 in morning trading Tuesday. VenezuelanPresident Nicolas Maduro said Monday that Citibank NA the government'sforeign currency accounts within 30 days, according to a report by Reuters. Aseparate Reuters report confirmed that Citi will stop its correspondent bankingand servicing for some accounts in Venezuela after conducting a periodic riskmanagement review.

WellsFargo & Co. rose 0.46% to $48.30 and advanced 2.54% to$13.55.

Among notable movers, Cleveland-based advanced 2.27% to $11.48,Synovus Financial Corp.climbed 2.00% to $29.56 and Pittsfield, Mass.-based rose1.32% to $27.71.

In the thrift space, Westbury, N.Y.-based gained 1.65% to $15.10; Lake Success, N.Y.-based climbed 1.42%to $15.32; Cleveland-based TFSFinancial Corp. (MHC) rose 0.62% to $17.80; and San Diego-basedBofI Holding Inc.went up 1.73% to $18.53.

In economic news, the U.S. Commerce Department'sCensus Bureau reported that May 2016 sales of merchant wholesalers, exceptmanufacturers' sales branches and offices, after adjustment for seasonalvariations and trading-day differences but not for price changes, were $435.5 billion,up 0.5% from the revised April level, but down 2.5% from the May 2015 level.

Marketprices and index values are current as of the time of publication and aresubject to change.