Bank of America Corp (NYSE:BAC) still has to exorcise the ghosts from the take over of Countrywide Financials in 2008. Bank of America has already spent at least 10 times the amount it paid for the acquisition to settle claims and pay penalties. Bank of America Corp (NYSE:BAC) stock opened at $16.62 in last session, and closed at $16.66, while the day range of stock is $16.56 – $16.73. The stock showed a positive weekly performance of 6.32%.
JPMorgan Chase & Co. (NYSE:JPM) downgraded shares of Sirona Dental Systems (NASDAQ:SIRO) from an overweight rating to a neutral rating in a report issued on Monday, TheFlyOnTheWall.com reports. JPMorgan Chase & Co. (NYSE:JPM) stock opened at $59.16, in last session and closed at $59.00, by gaining 0.58%. The 52 week range of the stock is $44.44 – $59.47. Company’s market capitalization is $221.79 billion.
Denver businessman and shareholder activist Gerald Armstrong has refiled a proposal to split the CEO and chairman jobs at Wells Fargo & Co (NYSE:WFC). Wells Fargo & Co (NYSE:WFC) stock advanced 0.18% and finished the last session at $45.42. The EPS of the stock remained 3.80. Company’s market capitalization is $239.25 billion.
Citigroup Inc (NYSE:C), the third largest US bank in market-capitalisation terms, closed yesterday at 53.81 making a significant breakout to the upside. Yesterday’s close is the highest since early 2009 (see chart). While the price action is very interesting and signals further upside, it is the fundamentals that are the primary driver behind our model’s decision to raise the stock to positive. Citigroup Inc (NYSE:C) stock opened the session at $53.62, and closed the session at $53.81. The 52 week range of the stock remained $40.28 – $54.29 and the day range was $53.43 – $54.29.
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