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Dayton
Business Journal
Big
bank stocks likely to benefit
from Fed move
Monday, September 17, 2012
Big
banks such as Citigroup and
JPMorgan Chase will likely see stock gains after decisions from The Fed
and
European Central Bank, according to the Wall Street Journal.
Larger
financial institutions have
been saddled in a waiting game, but moves such as The Fed buying $40
billion in
mortgage securities per month should cycle more dollars through the big
banks.
That
decision may prompt more
businesses to seek loans, and more consumers to refinance home loans.
JPMorgan
Chase is the third-largest
bank in Dayton with $2.1 billion in local deposits.
See
the top 25 big bank brands in America at
Dayton Business Journal
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