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Morgan Stanley, Citigroup, Staples and bank stress tests in focus - Pre-market

Last updated: 12:27 29 Jun 2017 BST, First published: 07:27 29 Jun 2017 BST

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Proactive takes a look at Wall Street's after hours trading

Morgan Stanley (NYSE:MS.) and other US banking  titans were in focus after the bell after the results of the Fed's stress tests - a measure of their robustness,  were revealed.

All 34 of the biggest firms were granted permission by the nation's central bank to buy back stock or pay dividend - significant in that it was the first time the Fed gave the green light to pay dividends to all the banks it scrutinised.

Citigroup (NYSE:C), JP Morgan and Citigroup all ticked up over 2%  after hours.  Wells Fargo (NYSE:WFC) also gained ground in extended trading, along with Goldman Sachs.

Meanwhile, shares in stationery giant Staples (NYSE:SPLS)  added over 1.5% before being halted during after it agreed to be acquired by private-equity firm Sycamore Partners for $10.25 a share.

Elsewhere, in erarnings Pier 1 Imports (NYSE:PIR) sunk over 12% after the home retailer posted first quarter results, which disappointed.

Shares of Capital One Financial (NYSE:COF) shed 2% however, after it received "conditional" passing marks on the stress test.

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