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Periodicals
SBA loan processing system crashes for some time, Bloomberg says » 16:49
04/06/20
04/06
16:49
04/06/20
16:49
BAC

Bank of America

$21.34 /

+1.31 (+6.54%)

, C

Citi

$41.15 /

+3.67 (+9.79%)

, JPM

JPMorgan

$89.09 /

+5.01 (+5.96%)

, USB

U.S. Bancorp

$34.31 /

+3.1 (+9.93%)

, WFC

Wells Fargo

$28.54 /

+2.31 (+8.81%)

, GS

Goldman Sachs

$158.02 /

+10.95 (+7.45%)

, MS

Morgan Stanley

$37.01 /

+3.165 (+9.35%)

The Small Business…

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03/08/13
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Hot Stocks
Yellen would be in favor of asking banks to suspend dividends » 10:48
04/06/20
04/06
10:48
04/06/20
10:48
BAC

Bank of America

$20.92 /

+0.885 (+4.42%)

, C

Citi

$40.25 /

+2.77 (+7.39%)

, JPM

JPMorgan

$88.73 /

+4.65 (+5.53%)

, USB

U.S. Bancorp

$33.56 /

+2.35 (+7.53%)

, WFC

Wells Fargo

$27.90 /

+1.67 (+6.37%)

, GS

Goldman Sachs

$155.27 /

+8.2 (+5.58%)

, MS

Morgan Stanley

$36.00 /

+2.155 (+6.37%)

Former Federal Reserve…

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Hot Stocks
Yellen says banking system 'much better capitalized' than in 2008 » 10:47
04/06/20
04/06
10:47
04/06/20
10:47
C

Citi

$40.32 /

+2.84 (+7.58%)

, BAC

Bank of America

$20.95 /

+0.92 (+4.59%)

, JPM

JPMorgan

$88.97 /

+4.89 (+5.82%)

, USB

U.S. Bancorp

$33.55 /

+2.34 (+7.50%)

, WFC

Wells Fargo

$27.92 /

+1.69 (+6.44%)

, GS

Goldman Sachs

$155.46 /

+8.39 (+5.70%)

, MS

Morgan Stanley

$36.05 /

+2.205 (+6.51%)

Former Federal Reserve…

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Recommendations
Wells Fargo sees information 'void' until banks report earnings next week » 06:59
04/06/20
04/06
06:59
04/06/20
06:59
BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, C

Citi

$37.48 /

-1.82 (-4.63%)

, CMA

Comerica

$27.37 /

-0.41 (-1.48%)

, FITB

Fifth Third

$13.44 /

-0.84 (-5.88%)

, GS

Goldman Sachs

$147.07 /

-2.87 (-1.91%)

, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, KEY

KeyCorp

$9.07 /

-0.41 (-4.32%)

, MS

Morgan Stanley

$33.85 /

-0.045 (-0.13%)

, PNC

PNC Financial

$85.18 /

-5.42 (-5.98%)

, TFC

Truist Financial

$27.20 /

-1.32 (-4.63%)

, USB

U.S. Bancorp

$31.21 /

-1.5 (-4.59%)

Wells Fargo analyst Mike…

Wells Fargo analyst Mike Mayo tells investors in a research note that there remains an information "void" until large-cap banks report their earnings next week, when he thinks they will meaningfully need to lower expectations. Mayo adds that bank credit losses should increase given worse than previously expected unemployment. He expects most reserve builds in 1H20 and the worst impact in Q2-Q3, but thinks banks will still grow book value, earn their dividend, and generate 10%+ returns in 2H21, implying decent stock upside. The analyst lowered his price target for Bank of America (BAC) to $30 from $32, for Citigroup (C) to $60 from $74, for Comerica (CMA) to $31 from $34, for Fifth Third (FITB) to $16 from $18, for Goldman (GS) to $198 from $210, for JPMorgan (JPM) to $115 from $125, for KeyCorp (KEY) to $11 from $12, for Morgan Stanley (MS) to $40 from $41, for PNC (PNC) to $106 from $114 and for Truist (TFC) to $35 from $40.

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Sunday
Periodicals
U.S. banks to defend dividend payments as pandemic crisis continues, FT reports » 14:08
04/05/20
04/05
14:08
04/05/20
14:08
BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, C

Citi

$37.48 /

-1.82 (-4.63%)

, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, USB

U.S. Bancorp

$31.21 /

-1.5 (-4.59%)

, WFC

Wells Fargo

$26.23 /

-0.98 (-3.60%)

, GS

Goldman Sachs

$147.07 /

-2.87 (-1.91%)

, MS

Morgan Stanley

$33.85 /

-0.045 (-0.13%)

America's biggest…

America's biggest banks will defend their plans to continue paying dividends in submissions to regulators on Monday, just days after Europe's regulators urged lenders to abandon shareholder payouts while they dealt with the coronavirus pandemic, Financial Times' Laura Noonan reports. U.S. banks' annual capital plans, due to be submitted to the Federal Reserve on Monday, are expected to include proposals to continue paying dividends, reinforcing comments from prominent bank chief executives in recent days, according to people familiar with the matter. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).Reference Link

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Friday
Periodicals
Fed unlikely to mandate U.S. big banks suspend dividends, WSJ says » 15:33
04/03/20
04/03
15:33
04/03/20
15:33
BAC

Bank of America

$20.19 /

-0.375 (-1.82%)

, C

Citi

$37.68 /

-1.62 (-4.12%)

, JPM

JPMorgan

$84.10 /

-1.55 (-1.81%)

, USB

U.S. Bancorp

$31.34 /

-1.37 (-4.19%)

, WFC

Wells Fargo

$26.32 /

-0.89 (-3.27%)

, GS

Goldman Sachs

$147.91 /

-2.03 (-1.35%)

, MS

Morgan Stanley

$33.64 /

-0.25 (-0.74%)

U.S. banks will likely be…

U.S. banks will likely be allowed to maintain paying dividends to their shareholders, according to the Wall Street Journal's Andrew Ackerman and Nick Timiraos, citing people familiar with the matter, despite the possibility of the coronavirus pandemic hurting the lenders. This past week, the European Central Bank and the Bank of England "pressured banks to stop using their capital to make dividend payments to shareholders," the Journal noted. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

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Periodicals
Fed unlikely to mandate U.S. big banks suspend dividends, WSJ says » 15:19
04/03/20
04/03
15:19
04/03/20
15:19
BAC

Bank of America

$19.99 /

-0.575 (-2.80%)

, C

Citi

$37.11 /

-2.19 (-5.57%)

, JPM

JPMorgan

$83.64 /

-2.01 (-2.35%)

, USB

U.S. Bancorp

$31.18 /

-1.53 (-4.68%)

, WFC

Wells Fargo

$26.16 /

-1.05 (-3.86%)

, GS

Goldman Sachs

$146.86 /

-3.08 (-2.05%)

, MS

Morgan Stanley

$33.41 /

-0.48 (-1.42%)

Publicly traded large…

Publicly traded large U.S. banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

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On The Fly
Fly Intel: Wall Street's top stories at midday » 12:28
04/03/20
04/03
12:28
04/03/20
12:28
MMM

3M

$133.94 /

-3.92 (-2.84%)

, TSLA

Tesla

$480.37 /

+26.38 (+5.81%)

, JPM

JPMorgan

$83.84 /

-1.81 (-2.11%)

, BAC

Bank of America

$19.78 /

-0.785 (-3.82%)

, C

Citi

$37.30 /

-2 (-5.09%)

, GS

Goldman Sachs

$145.44 /

-4.5 (-3.00%)

, MS

Morgan Stanley

$33.05 /

-0.84 (-2.48%)

, USB

U.S. Bancorp

$31.42 /

-1.29 (-3.94%)

, WFC

Wells Fargo

$26.11 /

-1.1 (-4.04%)

, BBBY

Bed Bath & Beyond

$3.53 /

-0.025 (-0.70%)

, FATE

Fate Therapeutics

$23.38 /

+2.31 (+10.96%)

, JNJ

Johnson & Johnson

$132.93 /

-0.15 (-0.11%)

, INCY

Incyte

$78.37 /

+1.36 (+1.77%)

, MIC

Macquarie Infrastructure

$17.68 /

-6.34 (-26.39%)

, AEHR

Aehr Test Systems

$1.38 /

-0.25 (-15.34%)

, CHWY

Chewy

$33.61 /

-1.655 (-4.69%)

The S&P and Dow are…

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Hot Stocks
Mnuchin: Over $875M processed almost all from community banks » 12:02
04/03/20
04/03
12:02
04/03/20
12:02
SPX

S&P 500

$0.00 /

+ (+0.00%)

, SPY

SPDR S&P 500 ETF Trust

$247.61 /

-4.26 (-1.69%)

, BAC

Bank of America

$19.86 /

-0.705 (-3.43%)

, C

Citi

$37.49 /

-1.81 (-4.61%)

, JPM

JPMorgan

$84.81 /

-0.84 (-0.98%)

, USB

U.S. Bancorp

$31.76 /

-0.95 (-2.90%)

, WFC

Wells Fargo

$26.42 /

-0.79 (-2.90%)

, GS

Goldman Sachs

$146.21 /

-3.73 (-2.49%)

, MS

Morgan Stanley

$33.08 /

-0.81 (-2.39%)

Treasury Secretary Steven…

Treasury Secretary Steven Mnuchin said via Twitter: "UPDATE #PPPloan now over $875,000,000 processed almost all from community banks! Big banks taking applications and will submitting them shortly. @SBAgov @USTreasury #CARESAct #SmallBizRelief" Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link

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Thursday
Periodicals
SBA boosts loans rate to 1% after lenders complain, Bloomberg reports » 18:23
04/02/20
04/02
18:23
04/02/20
18:23
SPX

S&P 500

$0.00 /

+ (+0.00%)

, SPY

SPDR S&P 500 ETF Trust

$251.92 /

+5.81 (+2.36%)

, BAC

Bank of America

$20.57 /

+0.775 (+3.92%)

, C

Citi

$39.30 /

+0.75 (+1.95%)

, JPM

JPMorgan

$87.45 /

+3.03 (+3.59%)

, USB

U.S. Bancorp

$32.71 /

+0.77 (+2.41%)

, WFC

Wells Fargo

$27.21 /

+0.63 (+2.37%)

, GS

Goldman Sachs

$149.94 /

+4.55 (+3.13%)

, MS

Morgan Stanley

$33.89 /

+2.25 (+7.11%)

The U.S. Small Business…

The U.S. Small Business Administration has increased to 1% the interest rate lenders may charge small businesses under a $350B U.S. relief program after lenders complained that the previous approved rate of 0.5% was lower than even their own cost of funds, Bloomberg's Mark Niquette and Michael Sasso report. U.S. Treasury Secretary Steven Mnuchin and SBA Jovita Carranza released more guidelines for the lending program just hours prior to its expected availability Friday, the authors note. Banks and other lenders that are essential to carrying the program out had said that they did not have enough guidance on how to complete the loans, including what documentation is necessary from borrowers and how to verify it, the authors say. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link

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