NEW YORK, February 3, 2017 /PRNewswire/ --
The Money Center Banks industry includes banks that possess characteristics of regular or common banks, and get their trade from corporations, other banks and governments, rather than individual customers. Ahead of today's trading session, Stock-Callers.com takes a closer look at the most current performances of four equities in this space: Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C), and JPMorgan Chase & Co. (NYSE: JPM). Download the free research reports on these stocks today: http://stock-callers.com/registration
Bank of America
Charlotte, North Carolina-based Bank of America Corp.'s shares saw a slight drop of 0.74%, finishing Thursday's trading session at $22.72. A total volume of 88.54 million shares was traded. The stock has advanced 0.84% in the past month, 37.29% over the previous three months, and 2.81% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 2.01% and 34.97%, respectively. Moreover, shares of Bank of America, which through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide, have a Relative Strength Index (RSI) of 51.51.
On January 11th, 2017, research firm Societe Generale upgraded the Company's stock rating from 'Hold' to 'Buy'.
On January 26th, 2017, Bank of America's Board of Directors announced a regular quarterly cash dividend on its common stock of $0.075 per share, payable March 31st, 2017, to shareholders of record as of March 03rd, 2017. The board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on April 25th, 2017 to shareholders of record as of April 11th, 2017. See our free and comprehensive research report on BAC at:
http://stock-callers.com/registration/?symbol=BAC
Wells Fargo
On Thursday, shares in San Francisco, California headquartered Wells Fargo & Co. recorded a trading volume of 13.04 million shares, and ended the session 0.29% lower at $55.75. The stock has gained 0.23% in the last one month, 23.06% in the previous three months, and 1.85% on an YTD basis. The Company's shares are trading 2.20% and 13.98% above their 50-day and 200-day moving averages, respectively. Furthermore, shares of Wells Fargo, which provides retail, commercial, and corporate banking services to individuals, businesses, and institutions, have an RSI of 55.78.
On January 18th, 2017, research firm Argus downgraded the Company's stock rating from 'Buy' to 'Hold'.
On January 25th, 2017, Wells Fargo announced that Jafar Amin has been named the new regional president for its Asia/Pacific region, succeeding Jim Johnston who served as interim regional president. Amin is based in Hong Kong and reports to Richard Yorke, Chief Operating Officer for Wells Fargo's Wholesale Banking business. WFC free research report PDF is just a click away at:
http://stock-callers.com/registration/?symbol=WFC
Citigroup
Shares in New York-based Citigroup Inc. closed at $55.98, slightly down 0.12% from the last trading session. The stock recorded a trading volume of 15.58 million shares. The Company's shares have gained 14.76% in the previous three months, and are trading 14.01% above their 200-day moving average. Additionally, shares of Citigroup, which provides various financial products and services for consumers, corporations, governments, and institutions worldwide, have an RSI of 39.63.
On January 11th, 2017, research firm UBS resumed its 'Sell' rating on the Company's stock, with a target price of $58 per share.
On February 01st, 2017, Citi Retail Services and Sears Holdings announced the launch of the Sears Mastercard with Shop Your Way, available today. With an industry-leading 5-3-2-1 rewards offer, customers can earn rewards points on all purchases everywhere they shop. Sign up for your complimentary report on C at:
http://stock-callers.com/registration/?symbol=C
JPMorgan Chase
At the closing bell yesterday, shares in New York headquartered JPMorgan Chase & Co. ended 0.42% lower at $84.59 with a total trading volume of 11.05 million shares. The stock has advanced 23.33% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 0.67% and 21.65%, respectively. Furthermore, shares of JPMorgan Chase, which operates as a financial services company worldwide, have an RSI of 48.41.
On January 17th, 2017, research firm Keefe Bruyette downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On January 22nd, 2017, J.P. Morgan Asset Management, owned by JPMorgan Chase, announced that it has signed a letter of intent to negotiate a license for Precidian Investments LLC's patented intellectual property relating to the offering of actively-managed, periodically-disclosed exchange-traded funds (ETFs). The Precidian model, subject to applicable regulatory approvals, would allow J.P. Morgan to deliver actively managed investment strategies in an ETF vehicle without disclosing holdings on a daily basis. Precidian is seeking approval for use of ActiveShares (SM) from the SEC. Register for free on Stock-Callers.com and download the latest research report on JPM at:
http://stock-callers.com/registration/?symbol=JPM
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