5 Financial Stocks Buzzing on Trading Radars Now
Bank of America Corp (NYSE:BAC) and Citigroup Inc. (NYSE:C): Are tides changing? April foreclosure filings in the U.S. dropped to five year lows as property seizures weren’t as popular and the housing market improved at the bottom. The number of default, auction and seizure notices sent to homeowners last month was 188,780. That’s a 14% from a year ago and 5% from March, according to RealtyTrac Inc.
Don’t Miss: Here’s How HSBC is Getting Back in the Game.
JPMorgan Chase & Co. (NYSE:JPM) sure kicked off a firestorm with their trading debacle. Now the White House is talking tough about regulation designed to prevent banks from making bets with their own money, reported the Wall Street Journal. Hey, it’s an election year. So we’ll see if talk is cheap.
Wells Fargo (NYSE:WFC) approved more than $548 million of SBA loans nationwide in the first-half of federal fiscal year 2012. Hopefully that will help local economies get a boost.
Morgan Stanley (NYSE:MS): The Petroplus Coryton plant in the U.K. is up for grabs. A member of the European Parliament Richard Howitt said a deal with Morgan Stanley (NYSE:MS), KKR (NYSE:KKR) and Marcel Van Poecke expired at midnight last night.
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