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Financial sector set for another big day after CCAR

Published 06/29/2017, 08:01 AM
© Reuters.  Financial sector set for another big day after CCAR
C
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BAC
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MS
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COF
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FAS
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FAZ
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KRE
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XLF
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FXO
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IYF
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IYG
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SEF
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UYG
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FINU
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RWW
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RSPF
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VFH
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FNCL
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FINZ
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JHMF
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BTO
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FNCF
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FAZZ
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  • Perhaps the good news wasn't yet priced in. The XLF is higher by 2.1% and the KRE by 2% as all 34 lenders subject to the CCAR had their capital return plans approved by the Fed last night.
  • Capital One (NYSE:COF) is an outlier, down 0.7% premarket after winning only conditional approval.
  • "The highly positive report card puts more wind at the backs of the Trump administration and others who want to soften Dodd-Frank-era regulations," says Ian Katz of Capital Alpha Partners.
  • Citigroup (NYSE:C) is ahead 3.2% after doubling its quarterly payout to $0.32 per share. Bank of America (NYSE:BAC) up 3% after lifting its dividend 60% to $0.12. Morgan Stanley (NYSE:MS) up 2.4% after raising its dividend 25% to $0.25.
  • ETFs: XLF, FAS, FAZ, VFH, UYG, IYF, FNCL, BTO, IYG, FXO, SEF, RYF, FINU, XLFS, FINZ, RWW, FAZZ, JHMF, FNCF
  • Now read: Valuation Dashboard: Financials And Real Estate - Update


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