Premarket roundup: Banks, CBS

By Associated Press
May 8, 2009 | Comments (0)

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Among the premarket stories for Friday, May 8, from AP Financial News:

NEW YORK (AP) _ Bank shares mostly rose in premarket trading Friday, a day after the government released the results of its stress tests on 19 financial institutions, removing some of the uncertainty that has dogged the sector amid the credit crisis and the ongoing recession.

NEW YORK (AP) _ Like other media companies, CBS Corp. said it sees signs of life in the moribund ad market _ but the hopeful talk hasn't convinced everyone a snapback is at hand.

NEW YORK (AP) _ April sales show traffic and performance is improving at discounter Target Corp., an analyst said Friday as he upgraded the stock.

WASHINGTON (AP) _ Details of President Barack Obama's $664 billion defense budget did little to shake Wall Street's overall confidence in the strength of the industry.

NEW YORK (AP) _ Shares of major insurers were mixed in Friday premarket trading after Genworth Financial Inc. and Allstate Corp.'s quarterly results missed Wall Street expectations, a government evaluation showed that MetLife Inc. doesn't need to raise more capital and an analyst said that stocks of some insurers have room to rise.

NEW YORK (AP) _ VeriSign Inc.'s better-than-expected first-quarter financial results drew cheers from analysts Friday and pushed shares up in premarket trading.

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