Estoques financeiros: Citi, regiões conduzem acções lower bank

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By Wallace Witkowski, MarketWatch

SAN FRANCISCO (MarketWatch) — U.S. financial stocks dropped Monday, with Regions Financial Corp. and Citigroup Inc. leading the sector lower, on concerns about how banks may be held to higher capital requirements as economic growth slows.

WSJ's David Enrich reports the stable management surrounding J.P. Morgan CEO Jamie Dimon is about to undergo a significant shake-up.

The Financial Select Sector SPDR ETF /quotes/zigman/246222/quotes/nls/xlf XLF -1.91% , which tracks the financial stocks in the S&P 500 Index /quotes/zigman/3870025 SPX -1.08% , closed down 1.9%. Not one financial component in the S&P 500 finished with a gain Monday.

The sector was a close second for worst performing on the S&P 500, just behind the energy sector, which finished down 2%.

In a speech Friday at the Peterson Institute for International Economics in Washington, D.C., Federal Reserve board member Daniel Tarullo outlined ways that systemically important financial institutions can carry additional capital requirements.

Given that the Dodd-Frank financial overhaul Congress passed last summer doesn’t specify how banks must carry additional capital requirements, Tarullo suggested the requirement should be calculated based on how badly the bank’s failure would affect the financial system as a whole.

The Fed official also called for requirements to be transparent and replicable, that they grow with the institution, that required capital be of high quality, and that standards be comparable to international ones.

Citigroup /quotes/zigman/5065548/quotes/nls/c C -4.47%  shares dropped 4.5% Monday, for a 13.9% loss for the current quarter so far. Dow-component Bank of America Corp. /quotes/zigman/190927/quotes/nls/bac BAC -3.99%  shares declined 4% to close at a new 52-week low of $10.83.

Reuters

Shares of regional banks took on similar losses with Regions Financial /quotes/zigman/351634/quotes/nls/rf RF -4.87%  dropping 4.9%, and Zions Bancorp. /quotes/zigman/80277/quotes/nls/zion ZION -3.19%  falling 3.2%.

Kevin Fitzsimmons, managing director of equity research at Sandler O’Neill, said banks are facing headwinds from dwindling revenue because of a lack of loan growth and extra costs to comply with the Dodd-Frank Act.

“The last few weeks have shown a dismal lack of growth and a downbeat feeling on the economy,” Fitzsimmons said. “That gets translated over to banks as a proxy of the economy.”

The analyst said bank lending is down because demand from creditworthy borrowers is dwindling.

Regions Financial may have led bank stocks down because it is one of the few remaining big banks that owes the Treasury’s Troubled Asset Relief Program, to the tune of about $3.5 billion, Fitzsimmons said. That casts even more uncertainty on what the bank would need to hold under capital requirement rules.

After the closing bell, Regions reported it agreed to buy a $1 billion credit-card portfolio from FIA Card Services at an undisclosed price. More on Regions credit-card portfolio buy.

Wells Fargo & Co. /quotes/zigman/239557/quotes/nls/wfc WFC -2.23%  shares, which finished the day down dropped 2.2%, gained the spotlight after Dick Bove at Rochdale Securities lowered his rating on the bank to sell from neutral.

Bove cited Tarullo’s call for “meaningful” capital requirements along with weakening economic factors such as unemployment and housing prices, as his basis for the downgrade.

In his report, Bove said “new liquidity requirements may be forcing the bank to build high balances of low return assets. This is having a negative impact on the bank’s margins that is not likely to change.”

Other Dow Jones Industrial Average /quotes/zigman/627449/delayed DJI -0.50% financial components suffered losses with shares of J.P. Morgan Chase & Co. /quotes/zigman/272085/quotes/nls/jpm JPM -2.50%  shares down 2.5%, Travelers Cos. Inc. /quotes/zigman/455344/quotes/nls/trv TRV -0.20%  down 0.2%, and American Express Co. /quotes/zigman/217470/quotes/nls/axp AXP -1.01%  shares down 1%.

/quotes/zigman/246222/quotes/nls/xlf /quotes/zigman/3870025 /quotes/zigman/5065548/quotes/nls/c /quotes/zigman/190927/quotes/nls/bac /quotes/zigman/351634/quotes/nls/rf /quotes/zigman/80277/quotes/nls/zion /quotes/zigman/239557/quotes/nls/wfc /quotes/zigman/627449/delayed /quotes/zigman/272085/quotes/nls/jpm /quotes/zigman/455344/quotes/nls/trv /quotes/zigman/217470/quotes/nls/axp Wallace Witkowski is a MarketWatch news editor in San Francisco.

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Regiões como as ações de bancos mergulham afogam.

Nova YORK (decepcionado) - como a possibilidade de um "mergulho duplo" pelo preço de imóveis nos Estados Unidos, afundado em com investidores, regiões financeiras (RF) foi o perdedor entre o maior banco dos Estados Unidos de nomes comerciais segunda-feira posterior, com compartilhamento de mergulhar 5 por cento no comércio pesado, com US $ 6. 05 para.

O índice amplo tem vindo a diminuir, com a debilidade das ações da companhia aérea, depois que a International Air Transport Association, disse os companhia aérea indústria lucros rejeitariam em 2011 devido para o Japão, a agitação no Médio Oriente e Ásia e aumento dos preços do petróleo.

Índice de the BKW Bank (i: BKX) foi para baixo por 2% para 46,72, com componentes de 21 do índice 24 para baixo para a sessão.

Rochdale títulos Richard Bove cortar sua wells fargo (WFC) um analista de classificação regulada fixa para uma venda, devido ao desempenho operacional global abrandamento económico e baixa. Ridiculisé Bove também Reserva Federal governador Daniel Tarullo para sugerir que os grandes bancos americanos podem ser necessários para aumentar o seu capital para até 100% mais elevados do que as normas de Basileia.

Wells Fargo ações caíram mais de 2%, fechando em US $26.26.

Grande nos bancos, consulte ações para baixo mais de 4% incluído do Bank of America (BAC), que foi fechado em US $ 10. 83. e Citigroup (C), fechando em US $38.07.

Em outras notícias financeiras segunda-feira, goldman sachs (GS) anunciou um acordo para vender suas hipotecas subprime, uma unidade de manutenção Litton empréstimo servindo a ocwen Financial (OCN), 264 milhões de dólares em dinheiro.

Ações de Goldman registou uma diminuição de 1% para fechar em US $133.90, Ocwen foi abaixo de 2%, para fechar em 12: 30 dólares.

-Escrito por Philip van Doorn para Júpiter, Fla.

Para entrar em contato com o escritor, clique aqui: Philip van Doorn.

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Estoques financeiros: desmaiou de regiões como baixo impacto dados sobre taxas de juro

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By Val Brickates Kennedy and Greg Morcroft , MarketWatch

NEW YORK — Shares of Regions Financial fell 7% on Wednesday and other regional banks also lost ground as weak economic data showing an anemic economy drove down the interest rates that banks can charge borrowers.

Treasury prices jumped Wednesday, pushing 10-year yields below 3% for the first time since December, after a pair of economic reports intensified worries about the U.S. economic recovery.

Ted Cronin, founder of Manchester Capital Management, explains how he's managing the risk of inflation in clients' portfolios and gives his outlook on inflation. .

Yields on 10-year notes, which move inversely to prices, fell 10 basis points to 2.97%, the biggest decline since March. A basis point is 1/100th of a percent. Read MarketWatch bond report.

Shares of some of the nation’s largest regional banks took a pounding on Wednesday. The KBW Regional Banking ETF /quotes/comstock/13*!kre/quotes/nls/kre KRE -3.67%   fell 2.6% in afternoon trade. After Regions, BB&T Corp. /quotes/comstock/13*!bbt/quotes/nls/bbt BBT -5.77%   SunTrust /quotes/comstock/13*!sti/quotes/nls/sti STI -6.43%  and Fifth Third /quotes/comstock/15*!fitb/quotes/nls/fitb FITB -5.51% .

All four of the financial stocks in the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed DJIA -2.22%  — American Express Co. /quotes/comstock/13*!axp/quotes/nls/axp AXP -3.28% , Travelers Cos. /quotes/comstock/13*!trv/quotes/nls/trv TRV -1.42% , Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac BAC -4.26%  and J.P. Morgan Chase & Co. /quotes/comstock/13*!jpm/quotes/nls/jpm JPM -3.42%   — gave ground, disappointed in below-forecast private-sector payrolls growth for May. Read more about ADP report.

A separate report on the manufacturing sector also proved disappointing, with the biggest one-month fall since 1984. See story.

The Financial Select Sector SPDR exchange-traded fund /quotes/comstock/13*!xlf/quotes/nls/xlf XLF -3.38% , which tracks the financial stocks in the S&P 500 /quotes/comstock/21z!i1:in\x SPX -2.28% , was down 2.2%.

T. Rowe Price Group Inc. was one of the steepest decliners on the Standard & Poor’s 500 index Wednesday, after Goldman Sachs downgraded the investment adviser to neutral from buy.

Shares of T. Rowe Price /quotes/comstock/15*!trow/quotes/nls/trow TROW -5.97% fell 4% at last check.

Meanwhile, Goldman lifted its rating on BlackRock Inc. /quotes/comstock/13*!blk/quotes/nls/blk BLK -3.02%  to buy. BlackRock’s shares were down 1.5%, echoing the broader market.

Of the large-cap issues, Wells Fargo & Co. /quotes/comstock/13*!wfc/quotes/nls/wfc WFC -5.04%   took the hardest hit, with shares dropping 3.8%. Next in line was Bank of America Corp., J.P. Morgan Chase, U.S. Bancorp /quotes/comstock/13*!usb/quotes/nls/usb USB -3.52%  , Morgan Stanley /quotes/comstock/13*!ms/quotes/nls/ms MS -4.26%  , and MetLife Inc. /quotes/comstock/13*!met/quotes/nls/met MET -3.33%  , all down at least 2.7%.

/quotes/comstock/13*!kre/quotes/nls/kre /quotes/comstock/13*!bbt/quotes/nls/bbt /quotes/comstock/13*!sti/quotes/nls/sti /quotes/comstock/15*!fitb/quotes/nls/fitb /quotes/comstock/10w!i:dji/delayed /quotes/comstock/13*!axp/quotes/nls/axp /quotes/comstock/13*!trv/quotes/nls/trv /quotes/comstock/13*!bac/quotes/nls/bac /quotes/comstock/13*!jpm/quotes/nls/jpm /quotes/comstock/13*!xlf/quotes/nls/xlf /quotes/comstock/21z!i1:in\x /quotes/comstock/15*!trow/quotes/nls/trow /quotes/comstock/13*!blk/quotes/nls/blk /quotes/comstock/13*!wfc/quotes/nls/wfc /quotes/comstock/13*!usb/quotes/nls/usb /quotes/comstock/13*!ms/quotes/nls/ms /quotes/comstock/13*!met/quotes/nls/met Val Brickates Kennedy is a reporter for MarketWatch in Boston. Greg Morcroft is MarketWatch's financial editor in New York.

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