U.S. regulators fail 'living wills' at five of eight big banks

UBS Reiterates Buy on Bank of America (BAC) Following 1Q Report

UBS maintained a Buy rating and $18.00 price target on Bank of America (NYSE: BAC) following the company's 1Q earnings report. Management's view that credit quality outside of energy remains strong should provide some relief to investors that had been worried about a broader... More

Nomura Securities Raises Price Target on JPMorgan (JPM) Following 1Q EPS Beat

Nomura Securities reiterates Neutral on JPMorgan (NYSE: JPM), and raised the price target to $66.00 (from $65.00), following the company's 1Q earnings report. JPM reported EPS of $1.35, handily beating the consensus estimate of $1.26. The beat was driven primarily by lower-than-expected expenses and trading results which were more... More

UBS Reiterates Buy on JPMorgan (JPM) Following Solid 1Q Results

UBS maintained a Buy rating and $68.00 price target on JPMorgan (NYSE: JPM) following the company's better than expected 1Q earnings report.

Analyst Brennan Hawken commented, "JPM's better than expected 1Q results, solid expense control, outlook which was better than feared, and improving clarity... More

Bank of America (BAC) Confirms Resolution Plan Was Not Credible

Bank of America (NYSE: BAC) filed an 8-K confirming that its Federal Reserve, FDIC resolution plan was deemed not credible or would not facilitate an orderly resolution under the U.S. Bankruptcy Code

From the filing:

On July 1, 2015, Bank of America Corporation (the "Corporation") submitted a resolution plan (the 2015 Plan) as required by the Joint Resolution Plan Rule of the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (together, the "Agencies") under... More

State Street (STT) Comments on Fed, FDIC Resolution Plan Determination; Will Address Issues

State Street Corporation (NYSE: STT) provided the following statement on todays announcement by the Board of Governors of the Federal Reserve System (Federal Reserve) and the Federal Deposit Insurance Corporation (FDIC) on the completion of their review of State Streets resolution plan submitted in July 2015... More

Wells Fargo (WFC) Comments on 'living Will” Process Decision by Fed, FDIC; Will Address Findings

Wells Fargo & Company (NYSE: WFC) issued the following statement regarding the Federal Reserve Boards and the Federal Deposit Insurance Corporations joint response to its 2015 resolution plan submission under the living will process of the Dodd-Frank Wall Street Reform and Consumer Protection... More