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What will Wednesday bring?

Tuesday’s market: Citigroup up. Morgan Stanley up. Wells Fargo down.

Now comes news that Bank of America will need to raise about $35 billion in additional capital, on top of the $45 billion they’ve already received.

Will be interesting to see what happens there.

In longer term prospects, American International Group, Inc. is trading with [...]

Wells Fargo In Trouble?

Wells Fargo May Need Capital – WSJ.com

An initial U.S. stress test identified Wells Fargo & Co. as among the banks needing a buffer against future losses, said a person close to the company.

But it was unclear Monday whether Wells would be forced to raise fresh capital or if regulators would accept its argument [...]