Bank of America Corporation (NYSE:BAC) announced that Chief Risk Officer Terry Laughlin is moving to a new role as president, Strategic Initiatives. Geoffrey Greener, Enterprise Capital Management executive, will become chief risk officer. Bank of America Corp (NYSE:BAC) shares after opening at $16.43 moved to $16.50 on last trade day and at the end of the day closed at $16.34 . Company price to sales ratio in past twelve months was calculated as 3.19 and price to cash ratio as 0.28. Bank of America Corp (NYSE:BAC) showed a positive weekly performance of 1.30%.
JPMorgan Chase & Co. (NYSE:JPM) has won a contract to help manage about $12 billion in bonds for Resolution Life Holdings Inc., a startup insurer that plans to acquire policies from other U.S. carriers. JPMorgan Chase & Co. (NYSE:JPM) shares advanced 0.25% in last trading session and ended the day on $56.19. JPM return on equity ratio is recorded as 0.90% and its return on assets is 10.80%. JPMorgan Chase & Co. (NYSE:JPM) yearly performance is 18.54%.
Citigroup Inc. (NYSE:C) Chief Executive Officer Michael Corbat withdrew from an economic forum that Russian President Vladimir Putin is hosting next month. Citigroup Inc (NYSE:C) shares moved down -0.14% in last trading session and was closed at $48.33 while trading in range of $48.01 – $48.58 – Citigroup Inc (NYSE:C) year to date (YTD) performance is -7.24%.
The third largest bank in the U.S in terms of corporate Loans, Wells Fargo & Co (NYSE:WFC), has appointed Jonathan Weiss as the new head for its securities unit. This will be a big test for Weiss who will need to maintain an upward trend for the segment in terms of earnings, as it has recorded 43% increase in revenue over the past two years. Wells Fargo & Co (NYSE:WFC) weekly performance is 0.47%. On last trading day company shares ended up $49.32. Wells Fargo & Co (NYSE:WFC) distance from 50-day simple moving average (SMA50) is 3.03%. Analysts mean target price for the company is $51.68.
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