Wall Street is gearing up for another big day. US Stocks stabilize, as worry over the UK's vote to leave the European Union appears to ease. European stocks swung between gains and losses after a strong rally on Wednesday. Taking a look at oil, crude prices are pulling back from yesterday's big gains. US stocks rallied Wednesday, the Dow is now about 300 points away from recouping its Brexit-spurred losses.
Here are some of the other stories Yahoo Finance is keeping an eye on today.
Bank of America (BAC) is slightly up in premarket trading. After three years, the bank emerged from both rounds of this year's stress test unscathed, and shareholders are now being rewarded. Bank of America announced it will boost its dividend by 50%. So far this year, the stock is down almost 20%.
Shares of JPMorgan (JPM) are in focus ahead of the bell. The bank topped the list with up to $10.6 billion in planned stock buybacks. JPMorgan said it would keep its dividend at $0.48 a share. Since January 1st, the stock is down almost 4%
Investors are keeping an eye on Lionsgate (LGF) in early trading. The company has reached a deal to buy Starz. It's a cash and stock deal valued at $4.4 billion, which represents a 14% premium to Starz's closing price on Wednesday. Shares of Lionsgate are 33% since the beginning of the year.
Anheuser Busch (BUD) heard some big news in the premarket. South Africa has cleared its $108 billion takeover of SAB Miller, leaving only two more approvals before the deal can close. Since January first, the stock is up 3%.
Shares of United Continental (UAL) are up slightly this morning. Flight attendant leaders have endorsed a tentative contract deal and are expected to vote on the agreement later this year. Year to date, the stock is down 27%.
Stress Test results
The Federal Reserve released the results of this year’s Stress Test. The Fed cleared 31 of 33 big banks. Now, the banks that passed will be able to boost dividends and buybacks. Which banks didn’t make the cut?
Netflix is not giving up on China. The streaming service is trying to counter slow growth here in the US by expanding to other markets. What is the company doing to try and get into the world’s most populous country?
Visa countersues Walmart
Visa claims Walmart tested a new method to eliminate signature verification on transactions with a Visa debit card. A month ago, Walmart sued Visa, saying customers weren’t able to punch in their PIN codes. Are the companies trying to save money or protect your personal information?