Bank of America Corp. (NYSE:BAC) has adequate capital to keep lending in a severe economic downturn, the Federal Reserve said Thursday in the release of its annual stress tests. Bank of America Corp (NYSE:BAC) shares after opening at $17.44 moved to $18.00 on last trade day and at the end of the day closed at $17.92. Company price to sales ratio in past twelve months was calculated as 3.46 and price to cash ratio as 0.33. Bank of America Corp (NYSE:BAC) showed a positive weekly performance of 4.43%.
On Wednesday, JPMorgan Chase took a big step in that direction, announcing that it had agreed to sell its physical commodities trading unit to the Mercuria Energy Group, a rapidly growing Swiss trading firm, for $3.5 billion in cash. JPMorgan Chase & Co. (NYSE:JPM) shares advanced 3.10% in last trading session and ended the day on $60.11. JPM return on equity ratio is recorded as 11.50% and its return on assets is 0.90%. JPMorgan Chase & Co. (NYSE:JPM) yearly performance is 25.78%.
Wells Fargo & Co. has adequate capital to keep lending in a severe economic downturn, the Federal Reserve said Thursday in the release of its annual stress tests. Wells Fargo & Co (NYSE:WFC) shares moved up 2.55% in last trading session and was closed at $49.03, while trading in range of $47.70 – $49.36. Wells Fargo & Co (NYSE:WFC) year to date (YTD) performance is 8.71%.
Regions Financial Corp. logo Regions Financial Corp. (NYSE:RF)’s stock had its “neutral” rating reiterated by Zacks in a report released on Tuesday, American Banking and Market News reports. Regions Financial Corporation (NYSE:RF) weekly performance is 5.90%. On last trading day company shares ended up $11.30. Regions Financial Corporation (NYSE:RF) distance from 50-day simple moving average (SMA50) is 8.02%. Analysts mean target price for the company is $11.61.
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