US open: Stocks mostly higher, despite selling pressure in banks hl.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hl.co.uk Daily Mail and Mail on Sunday newspapers.
By Will Feuer Regional bank stocks traded largely lower after signs of trouble emerged at New York Community Bancorp, which slashed its dividend on Wednesday.
Citi, BofA, Goldman Sachs, BNY Mellon upped at Morgan Stanley on endgame lightening seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
One-time charges dented fourth-quarter earnings, but the calculus around interest rates is a more important factor in the recent decline of bank stocks.
Shares of bank stocks fell today after the first wave of earnings landed. The KBW Nasdaq Bank Index fell 1.1%. JPMorgan Chase and Bank of America, whose…