Banks Tap Governement for Security Against Hackers

The National Security Agency has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage. According to interviews with U.S. officials, security experts and defense industry executives, assistance from the agency is part of an effort by American banks and other financial firms (NYSEARCA:XLF) to get help to fend off cyber attacks.

Hackers could potentially exploit security vulnerabilities to wreak havoc across global markets and cause economic mayhem the FBI has also warned. Government and private sector security sources paint worst-case scenarios of hackers ensconcing themselves inside a bank’s (NYSEARCA:KBE) network to disable trading systems for stocks, bonds and currencies, trigger flash crashes, initiate large transfers of funds or turn off all ATM machines. It is unclear if hackers have ever been close to producing anything as dire

“The FBI has helped banks avert several potential attacks by alerting them to vulnerabilities in their computer networks, and by flagging possible hackers before they struck, he said,” according to Reuters.

Here’s how big Wall Street banks are trading:

  • The Goldman Sachs Group, Inc. (NYSE:GS): GS shares recently traded at $88.75, up $0.86, or 0.98%. Its market capitalization is $43.69 billion. They have traded in a 52-week range of $84.27 to $175.34. Volume today was 3,674,813 shares versus a 3-month average volume of 7,903,360 shares. The company’s trailing P/E is 13.50, while trailing earnings are $6.57 per share. The company pays a dividend of $1.40 per share for a dividend yield of 1.60%. About the company: The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals. Get the most recent company news and stock data here >>
  • Citigroup, Inc. (NYSE:C): C shares recently traded at $23.63, up $0.12, or 0.51%. Its market capitalization is $69.09 billion. They have traded in a 52-week range of $21.40 to $51.50. Volume today was 28,165,241 shares versus a 3-month average volume of 55,838,900 shares. The company’s trailing P/E is 6.30, while trailing earnings are $3.75 per share. The company pays a dividend of $0.04 per share for a dividend yield of 0.20%. About the company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services. Get the most recent company news and stock data here >>
  • Bank of America Corporation (NYSE:BAC): BAC shares recently traded at $5.17, up $0.03, or 0.58%. Its market capitalization is $52.40 billion. They have traded in a 52-week range of $5.12 to $15.31. Volume today was 138,300,724 shares versus a 3-month average volume of 286,450,000 shares. The company’s trailing earnings are $-0.31 per share. The company pays a dividend of $0.04 per share for a dividend yield of 0.80%. About the company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary. Get the most recent company news and stock data here >>
  • Morgan Stanley (NYSE:MS): MS shares recently traded at $13.26, up $0.23, or 1.77%. Its market capitalization is $25.56 billion. They have traded in a 52-week range of $11.58 to $31.04. Volume today was 13,539,324 shares versus a 3-month average volume of 34,217,800 shares. The company’s trailing P/E is 8.70, while trailing earnings are $1.53 per share. The company pays a dividend of $0.20 per share for a dividend yield of 1.50%. About the company: Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business. Get the most recent company news and stock data here >>
  • JPMorgan Chase & Co. (NYSE:JPM): JPM shares recently traded at $28.48, up $0.1, or 0.35%. Its market capitalization is $108.16 billion. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 21,418,480 shares versus a 3-month average volume of 45,900,600 shares. The company’s trailing P/E is 6.07, while trailing earnings are $4.69 per share. The company pays a dividend of $1.00 per share for a dividend yield of 3.50%. About the company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals. Get the most recent company news and stock data here >>
  • American Express Company (NYSE:AXP): AXP shares recently traded at $45.00, down $0.1, or 0.22%. Its market capitalization is $52.27 billion. They have traded in a 52-week range of $41.25 to $53.80. Volume today was 2,746,098 shares versus a 3-month average volume of 8,655,450 shares. The company’s trailing P/E is 11.28, while trailing earnings are $3.99 per share. The company pays a dividend of $0.72 per share for a dividend yield of 1.60%. About the company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. Get the most recent company news and stock data here >>
  • Wells Fargo & Company (NYSE:WFC): WFC shares recently traded at $23.51, up $0.3, or 1.29%. Its market capitalization is $123.98 billion. They have traded in a 52-week range of $22.58 to $34.25. Volume today was 14,600,905 shares versus a 3-month average volume of 41,718,800 shares. The company’s trailing P/E is 8.71, while trailing earnings are $2.70 per share. The company pays a dividend of $0.48 per share for a dividend yield of 2.00%. About the company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally. Get the most recent company news and stock data here >>

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