The following post rounds up the companies making headlines today:
Banks and stress test:
Wells Fargo (WFC) said Thursday it will be offering $6 billion in stock expected to price between $20.50 and $22 a share. WFC just announced this morning it priced $7.5 billion in stock offering. WFC shares declined 4.5 percent before the bell.
Morgan Stanley (MS) said Thursday it will be selling $2 billion in common stock and $3 billion in debt, which will not be backed by the government, and which should be priced before the open. First reports indicate it raised $7.5 billion. MS shares declined over 7 percent in pre-market trading.
Bank of America Corp. (BAC) needs by far the most -- $33.9 billion. Ken Lewis, who was ousted as chairman last month, said he plans to close the capital gap by selling assets and tapping future profits. BAC shares climbed over 7 percent before the bell.