Megabank stocks rise in premarket as Pfizer deal boosts underwriting

Stocks for the largest U.S. banks rose in premarket trades on Wednesday, amid an uptick in underwriting activity following a $31 billion debt offering from pharmaceutical giant Pfizer Inc. PFE. Bank of America Corp. ‘s BAC BofA Securities unit, Citigroup Inc. C, Goldman Sachs Group Inc. GS and J.P. Morgan Chase & Co. JPM are joint lead managers and joint book-running managers for the Pfizer offering, which consisted of eight tranches priced between 4.45% and 5.34%.

... Stocks for the largest U.S. banks rose in premarket trades on Wednesday, amid an uptick in underwriting activity following a $31 billion debt offering from pharmaceutical giant Pfizer Inc. PFE . Bank of America Corp. ‘s BAC BofA Securities unit, Citigroup Inc. C , Goldman Sachs Group Inc. GS and J.P. Morgan Chase & Co. JPM are joint lead managers and joint book-running managers for the Pfizer offering, which consisted of eight tranches priced between 4.45% and 5.34%.

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