(Update story with comments from James Shanahan, financial services analyst at Edward Jones.) The Federal Reserve on Thursday announced the results of its annual stress tests for 33 large US banks and US subsidiaries of foreign banks. Since the Fed’s “severely adverse scenario” for stress testing was designed in February, …
Read More »Are your bank’s stock dividends safe? Stress test results put pressure on future payments
(Update story with comments from James Shanahan, financial services analyst at Edward Jones.) The Federal Reserve on Thursday announced the results of its annual stress tests for 33 large US banks and US subsidiaries of foreign banks. Since the Fed’s “severely adverse scenario” for stress testing was designed in February, …
Read More »Nike, Albertsons, Amazon, Big Lots and more
Take a look at some of the most important engines on the previous market: Nike (NKE) – Nike lost 51 cents a share in its last quarter, well below the consensus forecast for a profit of 7 cents a share. The footwear and sportswear maker’s revenue was also well below …
Read More »Flat futures, losing week, declining bank stocks, Nike crash
Traders wear masks while working on the floor of the New York Stock Exchange as the outbreak of coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters This is a live blog. Check back for updates. 8:06 am: Bank shares fall when the Fed imposes restrictions …
Read More »Albertsons prices cut initial public offering below target range, sources say
A woman pushes a grocery cart toward her car in front of an Albertson store in Denver, Colorado. Matthew Staver | Bloomberg | fake pictures US supermarket operator Albertsons Companies on Thursday sold fewer shares than expected at a lower-than-expected price in its initial $ 800 million public offering, according …
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