Investor euphoria resumed on Friday as the broad indices pushed further into record territory, with bank stocks again leading the way.
The Federal Reserve's annual stress tests need to incorporate liquidity, since overnight funding lockups and bank runs cause bank failures.
Banks stocks were mostly lower on Thursday, following a disappointing batch of economic reports.
While it is stylish for politicians to cry for the end of 'too big to fail' banks, a rational reduction of systemic risk requires more thought.
Bank stocks led the broad market again on Wednesday, as the Dow Jones Industrial Average and S&P 500 hit new highs.
HSBC is in the midst of a remarkable turnaround and on Wednesday announced plans to maintain a very strong efficiency ratio.
Deutsche Bank analyst Matt O'Connor raised his price target for Bank of America's shares by two dollars, but stuck with a neutral rating.
Bank stocks led the way on Tuesday, as the Dow Jones Industrial Average and S&P 500 both hit new highs.
The stock has the highest forward P/E among components of the KBW Bank Index, justified by strong long-term earnings and growth prospects.
Decent economic reports on Monday fed a rise in trust bank stocks, while large mortgage REITS fared poorly.