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-0.00169725257239854 -0.00180333085817335 -0.000212156571549912 -0.000106078285774956 -0.000742548000424391 0.000318234857324718 0.00190940914394816 -0.000742548000424391
Stock impact report

Wells Fargo, Big Banks Get a Lift From the Federal Reserve [TheStreet.com]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: TheStreet.com
Banks are shouldering much of the credit risk in the economy right now. But the latest development could be a positive for the rallying bank stocks. Wells Fargo is specifically in focus.The Federal Reserve said Wednesday morning that it is loosening lending standards(WFCGet ReportWells Fargo shares rose is much as 3.5% Wednesday. Peers Bank of AmericaBACJPMPositive signs on the spread curve of the coronavirus in China and New York is lifting sentiment on cyclicals like banks, who lend more when the economy grows. Plus, the rise in loner-dated treasury bond yields is a major positive for banks’ net interest margins. The 10 year treasury yield is up to 0.75%.The Fed said it will not count Wells Fargo’s small business and household loans — they’re part of the Fed’s broader stimulus program — towards the company’s cap on the size of its balance sheet. This is a positive for loan volumes for Wells Fargo."The change today provides additional support to small businesses hurt by the economic Show less Read more
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