The Federal Reserve on Wednesday barred Citigroup Inc. (NYSE:C) from raising its dividend or boosting its stock buybacks, saying it’s too hard to predict how some parts of the bank’s global operation would fare in a sharp economic downturn. Citigroup Inc. (NYSE:C) shares after opening at $50.53 moved to $50.58 on last trade day and at the end of the day closed at $50.16. Company price to sales ratio in past twelve months was calculated as 2.41 and price to cash ratio as 0.20. Citigroup Inc. (NYSE:C) showed a positive weekly performance of 2.49%.
Bank of America Corp (NYSE:BAC) agreed to buy Merrill Lynch for an estimated $50 billion on September 15, 2008, the day before Lehman Brothers Holdings Inc. went bankrupt, in a hurried merger that won Lewis praise at the time and likely prevented Merrill’s demise. Bank of America Corp (NYSE:BAC) shares fell -0.17% in last trading session and ended the day on $17.18. BAC return on equity ratio is recorded as 4.60% and its return on assets is 0.50%. Bank of America Corp (NYSE:BAC) yearly performance is 37.11%.
JPMorgan Chase & Co. (NYSE:JPM) board intends to increase the quarterly common stock dividend to $0.40 per share, effective the second quarter of 2014. JPMorgan Chase & Co. (NYSE:JPM) shares moved down -1.69% in last trading session and was closed at $59.90, while trading in range of $59.89 – $61.40. JPMorgan Chase & Co. (NYSE:JPM) year to date (YTD) performance is 3.10%.
The Federal Reserve approved Wells Fargo & Co. (NYSE:WFC) capital plan in the bank regulator’s annual review of the industry’s financial health, paving the way for the San Francisco lender to increase payouts to shareholders. Wells Fargo & Co (NYSE:WFC) weekly performance is 1.44%. On last trading day company shares ended up $48.50. Wells Fargo & Co (NYSE:WFC) distance from 50-day simple moving average (SMA50) is 4.50%. Analysts mean target price for the company is $49.20.
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