it was just a regular pull back at first when news broke that google was getting fined for anti trust by EU, then news came out that the healthcare bill will be delayed and all the markets tanked. only thing that held up really well today seemed to be financials.
I guess expectations are pretty high for increasing buybacks and dividends after the stress test results, let's see if they can deliver
Bought yesterday and sold this morning before getting back to sleep, would have done much better if I just held
Big Banks Set to Pay Out Largest Dividends in a Decade All of the nation’s largest banks passed the latest stress test on Wednesday, the first time all aced the exam since the Federal Reserve began administering the exercise seven years ago. https://www.nytimes.com/2017/06/28/business/dealbook/big-banks-stress-tests.html Banks shares are up AH
Citi doubles dividend, bank shares jump after industry passes Fed stress tests Citigroup was the highlight after hours, doubling its quarterly dividend to 32 cents per common share and announcing a common stock repurchase program of up to $15.6 billion. http://www.cnbc.com/2017/06/28/citi...p-after-industry-passes-fed-stress-tests.html Wow doubling dividend
So they've learned to beat the system. A bunch of system beaters. Exemplified by Wells Fargo workers creating fake accounts to meet their quotas and get bonuses. Now as long as nothing worse than the stress test happens, then we'll never see another bank problem in our lives.
Wonder if financial is going to suck all the capitals in the market tomorrow and dragging down the already weak sectors
Im just getting in, what happened? Nasdaq is at yesterdays lunch time levels, doesnt look like anything too bad here.
