Saturday 1 July 2023

US bank stocks rise as lenders sail through Fed’s stress tests

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US bank stocks rise as lenders sail through Fed's stress tests

Shares of the top performer in the test, Charles Schwab (NYSE:SCHW), gained 2.8%. Major banks JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC) also gained between 1.4% and 2%.


Overstock.com (NASDAQ:OSTK) intends to sunset its company name and rebrand as Bed Bath & Beyond (OTC:BBBYQ) after purchasing that company's intellectual property assets in bankruptcy, Overstock CEO Jonathan Johnson said.






DISCLAIMER: Stocks and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this report. The past performance of any trading system or methodology is not necessarily indicative of future results. All trades, patterns, charts, systems, etc., discussed in this report are for illustrative purposes only and not to be construed as specific advisory recommendations. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.








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