As many as half of the large banks including J.P. Morgan Chase Bank (JPM, quote), that just reported a earnings beat, failed the Government Accountability Office’s or GAO’s Living Will Test. That 4 out of the 8 largest banks here in the U.S.
October 14’s Pre-Martket movers
The central bank will use unconventional monetary tools such as re-lending and pledged supplementary lending to maintain relatively loose liquidity, rather than turning to conventional tools including lowering interest rates or the reserve requirement ratio, said Zhu Haibin, chief China economist at JPMorgan Chase & Co (JPM, quote).
Welcome to Friday’s Morning Coffee Break – As we begin the final trading session in the week and finish off the first two full weeks of October U.S. stock indexes are on pace for the largest weekly drop in four months. October historically is a down month as markets prepare for the final two months of the year and it appears Mr. Market wants to stay with tradition as the
As we approach the 4th and final quarter of 2012 coupled with the Bernanke floor thanks to the unlimited buying of mortgage backed securities banks like JP Morgan (JPM, quote), Wells Fargo (WFC, quote) and Bank of America (BAC, quote) should do well especially with large funds chasing for performance going into year end.
Below are Wednesday’s trending equities ahead of the opening bell.
Below are Wednesday’s trending equities ahead of the opening bell.
Trending Stocks Ahead of the Bell for June 26, 2012
U.S. stock indexes were slammed yesterday with the largest one day lost for the month of June.
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