Bank of America Corp. (NYSE:BAC) said it does not owe the U.S. government the $2.1 billion it is seeking in penalties after a jury found the bank liable for fraud over defective mortgages sold by its Countrywide unit, according to a court filing made Wednesday. Bank of America Corp (NYSE:BAC) stock opened at $16.27 in last session, and closed at $16.49, while the day range of stock is $16.21 – $16.49. The stock showed a positive weekly performance of 1.17%.
John Gerspach, Chief Financial Officer of Citigroup, Inc (NYSE:C) will present at the 35th Annual Raymond James Institutional Investors Conference on Monday, March 3, 2014. Citigroup Inc (NYSE:C) stock opened at $48.09, in last session and closed at $48.69, by gaining 0.77%. The 52 week range of the stock is $41.02 – $55.28. Company’s market capitalization is $147.49 billion.
JPMorgan Chase & Co. (NYSE:JPM) the largest US bank, announced thousands of job cuts on Tuesday as mortgage lending slows, and said it was lowering its profitability target. JPMorgan Chase & Co. (NYSE:JPM) stock decreased -0.11% and finished the last session at $56.69. The EPS of the stock remained 4.37. Company’s market capitalization is $214.68 billion.
Wells Fargo & Co. (NYSE:WFC) is cutting 700 jobs from its home-lending business as mortgage refinancing slows down. Wells Fargo & Co (NYSE:WFC) stock opened the session at $45.95, and closed the session at $46.05. The 52 week range of the stock remained $34.60 – $46.84 and the day range was $45.61 – $46.08.
Leave a Reply