Shares of financial companies slipped in a choppy session marked by mixed U.S. indicators and a flare up of hostilities in the Middle East that moved oil prices higher.
JPMorgan Chase, Bank of America and a collection of their peers all passed the Federal Reserve's annual stress tests, a widely expected outcome after regulators last year began disclosing the exam's scenarios and models in advance.
JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the company, laying the groundwork to find candidates to succeed chief executive Jamie Dimon.
Arca Financial has raised $48.5 million in fresh capital from investors led by General Catalyst, betting that integrating artificial intelligence and financial advisers will create a massive opportunity in wealth management.
Commerzbank said a small portion of its institutional investors have accepted UniCredit's takeover offer, after previously saying that no institutional investors were identified tendering shares.
