Other competitors in the financial sector include: Bank of America (BAC), JPMorgan Chase (JPM), and Citigroup (C).
Banks deemed too-big-to-fail including Bank of America (BAC), JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) will also have to show that they are on track to meet the phase-in schedule for Basel III capital standards and the additional capital buffers that will be imposed on them.
In addition to a hefty weighting to BAC, the fund also holds more than 9% of its assets in both Citigroup (C) and JP Morgan (JPM), likely to be impacted by any news at Bank of America.
We have been consistently recommending Bank of America (BAC) as a comeback play, along with Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC).
MorganChase (JPM), Google (GOOG), and Citigroup (C), you should pat yourself on the back for being among the smart-money crowd.
FORBES: 700 U.S. Hedge Funds With Assets of $1.25 trillion Remain Bullish on Stocks
Top holdings include corporate bonds issued by Verizon Communications (NYSE: VZ), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) and JP Morgan Chase (NYSE: JPM).
Banks such as Wells Fargo ( WFC), JPMorgan ( JPM), Bank of America ( BAC) and Citigroup ( C) are facing margin pressure now due to low interest rates.
Still, a few big banks have managed to escape the notice of the short-sellers--especially JPMorgan Chase (nyse: JPM - news - people ) and Citigroup (nyse: C - news - people ).
All six of the companies, Wells Fargo (nyse: WFC - news - people ), JPMorgan Chase (nyse: JPM - news - people ), Citigroup (nyse: C - news - people ), Bank of America (nyse: BAC - news - people ), Washington Mutual (nyse: WM - news - people ) and Countrywide, are already participating in an earlier, administration-led program to freeze rates for some borrowers on adjustable-rate plans.
The answer is definitely no, at least when it comes to major financial companies like JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC), Citicorp (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Barclays (NYSE:BCS), Deutsche Bank (NYSE:DB), and UBS (NYSE:UBS), for several reasons.
Next month, Citigroup (nyse: C - news - people ), JPMorgan Chase (nyse: JPM - news - people ) and Bank of America (nyse: BAC - news - people ) will reveal their trading results as part of third-quarter earnings, which for them include the months from July through September.
But for those looking for a replay of the Credit Crisis, the net charge-off numbers from American Express ( AXP), Bank of America ( BAC), Citi ( C), Capital One ( COF), Discover ( DFS), and JPMorgan Chase ( JPM) would argue against it as this data continues to improve each and every month.
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