The stock was last quoted at $12.67, up 3.1%, on volume of 11.2 million, according to Nasdaq.com. Based on a regular session close at $12.29, the shares are down almost 18% year-to-date.
A rate hike could prompt borrowers to unwind carry trades, leading to a vicious asset deflationary cycle.
Jim Cramer ponders why M&A is just the start of the story and also wonders what a Democratic sweep would do to the markets.
Bank of America (BAC) CEO Brian Moynihan said his company could withstand a congressional review as Wells Fargo (WFC) is currently dealing with the fallout of illegal sales practices.