Logo
ulive.news

Bank stocks retreat in after-hours trade after Fed caps dividends and buybacks in the 3rd quarter

%3Cdiv%3E%0A%3Cp%3EShares%20of%20the%20U.S.%27s%20biggest%20banks%20retreated%20in%20after-hours%20action%20on%20Thursday%20after%20the%20Federal%20Reserve%20after%20its%20%3Ca%20href%3D%22https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Ffed-caps-bank-dividend-payments-and-suspends-share-buybacks-for-third-quarter-after-stress-tests-2020-06-25%3Fmod%3Darticle_inline%22%3Eannual%20stress%20test%3C%2Fa%3E%20of%20the%20banking%20system%20voted%20to%20require%20financial%20institutions%20to%20preserve%20capital%20by%20suspending%20share%20repurchases%20and%20cap%20dividend%20payments%20in%20the%20third%20quarter%20amid%20the%20worst%20economic%20and%20public%20health%20crisis%20in%20decades.%20Shares%20of%20JPMorgan%20Chase%20%26amp%3B%20Co.%20%3Ca%20data-charting-symbol%3D%22STOCK%2FUS%2FXNYS%2FJPM%22%20data-track-hover%3D%22QuotePeek%22%20href%3D%22https%3A%2F%2Fwww.marketwatch.com%2Finvesting%2Fstock%2FJPM%3Fmod%3DMW_story_quote%22%3EJPM%2C%20%2B3.48%25%3C%2Fa%3E%20were%20trading%201.5%25%20lower%20in%20thin%20trading%20in%20post-market%20action%2C%20those%20for%20American%20Express%20Co.%20%3Ca%20data-charting-symbol%3D%22STOCK%2FUS%2FXNYS%2FAXP%22%20data-track-hover%3D%22QuotePeek%22%20href%3D%22https%3A%2F%2Fwww.marketwatch.com%2Finvesting%2Fstock%2FAXP%3Fmod%3DMW_story_quote%22%3EAXP%2C%20%2B2.48%25%3C%2Fa%3E%20were%20off%201.1%25%2C%20Bank%20of%20America%20shares%20were%20trading%202.6%25%20lower%20in%20the%20after-hours%2C%20shares%20for%20Goldman%20Sachs%20%3Ca%20data-charting-symbol%3D%22STOCK%2FUS%2FXNYS%2FGS%22%20data-track-hover%3D%22QuotePeek%22%20href%3D%22https%3A%2F%2Fwww.marketwatch.com%2Finvesting%2Fstock%2FGS%3Fmod%3DMW_story_quote%22%3EGS%2C%20%2B4.58%25%3C%2Fa%3E%20were%20down%202%25%2C%20while%20Morgan%20Stanley%20%3Ca%20data-charting-symbol%3D%22STOCK%2FUS%2FXNYS%2FMS%22%20data-track-hover%3D%22QuotePeek%22%20href%3D%22https%3A%2F%2Fwww.marketwatch.com%2Finvesting%2Fstock%2FMS%3Fmod%3DMW_story_quote%22%3EMS%2C%20%2B3.91%25%3C%2Fa%3E%20shares%20were%20down%202.1%25%20and%20those%20for%20Citigroup%20%3Ca%20data-charting-symbol%3D%22STOCK%2FUS%2FXNYS%2FC%22%20data-track-hover%3D%22QuotePeek%22%20href%3D%22https%3A%2F%2Fwww.marketwatch.com%2Finvesting%2Fstock%2FC%3Fmod%3DMW_story_quote%22%3EC%2C%20%2B3.68%25%3C%2Fa%3E%20were%20off%201.9%25.%20Wells%20Fargo%27s%20shares%20%3Ca%20data-charting-symbol%3D%22STOCK%2FUS%2FXNYS%2FWFC%22%20data-track-hover%3D%22QuotePeek%22%20href%3D%22https%3A%2F%2Fwww.marketwatch.com%2Finvesting%2Fstock%2FWFC%3Fmod%3DMW_story_quote%22%3EWFC%2C%20%2B4.78%25%3C%2Fa%3E%20tumbled%203%25%20in%20post-market%20action.%20To%20be%20sure%2C%20all%20of%20those%20mega%20banks%20enjoyed%20a%20powerful%20updraft%20in%20the%20regular%20session%2C%20with%20Wells%20finishing%20the%20day%20up%204.8%25%20after%20the%20Federal%20Deposit%20Insurance%20Commission%20and%20Office%20of%20the%20Comptroller%20of%20the%20Currency%20said%20they%20are%20planning%20to%20loosen%20the%20restrictions%20imposed%20by%20the%20Volcker%20rule%20and%20allow%20banks%20to%20more%20easily%20make%20large%20investments%20into%20venture%20capital%20and%20similar%20funds.%20They%20will%20also%20be%20able%20avoid%20setting%20aside%20cash%20for%20derivatives%20trades%20between%20different%20affiliates%20of%20the%20same%20firm%2C%20potentially%20freeing%20up%20billions%20of%20dollars%20in%20capital%20for%20the%20industry%2C%20according%20to%20the%20Wall%20Street%20Journal.%3C%2Fp%3E%0A%3C%2Fdiv%3E

Watch Brazilian carnivals live, discuss the next world conflict in the video chat or just enjoy fresh videos with funny cat talking - with Ulive.news you are at the center of any event! Ask a streamer to show what is happening from a different angle, to ask a question to eyewitnesses or to pay attention to an important detail. We will translate your message into 64 languages ​​so that you can easily understand each other.

Picture with tags: News, HD, Auto moderation, Finance

Creator:

Date

HD

Interesting

News

Finance