Anointed Financials Surge After Citi News (C, JPM, BAC, MER, WFC, GS, BK, STT)
More News related to BAC
- Bank of America (BAC) to Pay $713 Million in TARP Preferred Dividends
- Bank of America to Pay $713 Million in TARP Preferred Dividends
- Active equity option families in first 30 minutes of trading according to Track Data are: C MSFT RIMM BAC
- Bank of America Announces Limited Acceptance of California State-Issued Registered Warrants for Customers and Clients
- Banc of America Securities-Merrill Lynch Research Hires Rachel McMinn, Masha Chapman and Sarah Stinson as U.S. Biotechnology Team
More News related to BK
- The Bank of New York Mellon's Matthew Biben Named Global Litigation Counsel of the Year
- CurrencyShares(SM) Exchange Traded Products Declare Monthly Distributions
- Bank of New York Mellon (BK) Awarded License To Set Up Banking Branches in Australia
- The Bank of New York Mellon Awarded Banking License in Australia
- BNY Mellon Asset Servicing Selected to Provide Custody For Cullen Funds Trust and Schafer Cullen Capital Management
More News related to C
- Citi Reaffirms Global Commitment with New Regional Leadership in Asia Pacific and EMEA
- Citi (C) And GE (GE) Couldn't Agree Over Price In An Effort To Sell Its Credit Card Business
- Active equity option families in first 30 minutes of trading according to Track Data are: C MSFT RIMM BAC
- Lear Reaches Agreement In Principle On Consensual Debt Restructuring
- Citi (C) Raising Credit Card Rates On Millions
The 'anointed financials', the original nine under the Treasury's Capital Purchase plan, are surging today following the Citi (NYSE: C) rescue. The action in these stocks today suggests that traders believe that the Fed will rescue any of these banks without major shareholder consequences.
The anointed ones:
Citigroup (NYSE: C) +58%
JP Morgan (NYSE: JPM) +13%
Bank of America (NYSE: BAC) (buying Merrill Lynch (NYSE: MER)) +21%, +27.6%
Wells Fargo (NYSE: WFC) +14%
Goldman Sachs (NYSE: GS) +26%
Morgan Stanley (NYSE: MS) +32%
Bank of New York Mellon (NYSE: BK) +12%
State Street Corporation, (NYSE: STT) +11%
The anointed ones are up on an average of 24% today, while the broader Financial Select Sector SPDR (NYSE: XLF) is up 12.5%.
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Stocks Mentioned
+14.35
-117.50Related Entities
- JPMorgan
- Goldman Sachs
- Citi
- Morgan Stanley
- Merrill Lynch
- Banc of America
- Treasury Capital Purchase Program
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