The S&P 500 was flat on Wednesday and Toronto was down 0.7%.
Wells Fargo ended the day up 2.2% and Bank of America was up 4.8%.
At Melcor Developments, Andrew Melton bought 1000 shares today at $13.45. The particular account was listed as an indirect ownership. Andrew Melton and Tim Melton together own over half the shares or over 15 million shares. On that basis this purchase is immaterial but it still represents a small show of confidence and is positive news.
I understand Walmart will report earnings on Thursday. The results may be viewed as some indication of the American economy and/or of the health of traditional physical store retailers. Walmart was down 3.0% today.