March 27 Premarket Briefing: 10 Things You Should Know

Tickers in this article: BAC C GME HBC LULU RBS RHT SAN YHOO ZION

Here are 10 things you should know for Thursday, March 27:    

1.-- U.S. stock futures were suggesting Wall Street would rebound Thursday ahead jobless claims and growth data.

European shares were mixed in early trading. Asian shares ended Thursday's session mixed. Japan's Nikkei 225 index rose 1%.

2.-- The  economic calendar  in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, the third estimate of fourth-quarter GDP at 8:30 a.m., and pending home sales for February at 10 a.m.

3.-- U.S. stocks  on Wednesday fell as the latest headlines on durable goods orders ultimately failed to generate enthusiasm about U.S. manufacturing conditions.

The  Dow Jones Industrial Average  lost 0.6% to close at 16,268.99, while the  S&P 500  dropped 0.7% to 1,852.56. The  Nasdaq fell 1.43% to 4,173.58.

4. --  Citigroup  and Zions Bancorp  had their capital plans rejected by the Federal Reserve following the central bank's annual Comprehensive Capital Analysis and Review.

Five of 30 banks had their 2014 capital plans rejected by the Fed. The others include three foreign-held U.S. bank holding companies : HSBC North America Holdings  (a unit of  HSBC ), RBS Citizens Financial Group  (held by  Royal Bank of Scotland   and Santander Holdings USA, which is held by  Banco Santander  .

It wasn't a surprise to see Zions have its capital plan rejected when the Fed completed CCAR, in light of the bank's failure in in the first round of last week's stress tests. 

The Federal Reserve objected to the other four banks' capital plans, based on "qualitative concerns."

All five banks will be expected to submit revised capital plans to the regulator, and aside from Zions, could still deploy excess capital over the next year.

CCAR is the second part of the Fed's annual stress-test process for the largest U.S. banks. 

5. -- Bank of America  will spend $9.33 billion to resolve a dispute over mortgage securities with the Federal Housing Finance Agency , the regulator that oversees Fannie Mae and Freddie Mac .

The agency sued 18 financial institutions in 2011 over their sales of mortgage securities to Fannie and Freddie. It alleges many banks falsely represented the mortgage loans behind the securities. These soured after the housing bubble burst and lost billions in value.

Bank of America said it will make cash payments of roughly $6.3 billion and also purchase securities from Fannie and Freddie worth more than $3 billion. It is one of several banks to settle with the FHFA, which announced the agreement Wednesday.

6. -- Yoga-apparel and accessories retailer  Lululemon is forecast by analysts on Thursday to report fourth-quarter earnings of 72 cents a share on sales of $515.1 million.

7. -- Yahoo Japan will buy mobile and broadband provider eAccess from its parent SoftBank for 324 billion yen ($3.17 billion) in a bid to expand its services for tablets and smartphones, Reuters reported.