Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 86.57

+0.3%

9:38 AM EST

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To: Dale Baker who wrote (597)	6/9/2009 12:22:40 AM
From: tejek	of 1428

That could mean that nearly all of the nine institutions found to have sufficient reserves in a recent government-run "stress test" might be allowed to return the money under the Treasury Department's Troubled Asset Relief Program. The companies include JPMorgan Chase & Co (JPM.N), American Express Co (AXP.N), Bank of New York Mellon Corp (BK.N), BB&T Corp (BBT.N), Capital One Financial Corp (COF.N), Goldman Sachs Group Inc (GS.N), State Street Corp (STT.N) and U.S. Bancorp (USB.N). MetLife Inc (MET.N)>, the ninth company, did not take money from TARP. This explains the move up by the banks today.

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