Financial Sector Active Runners: Bank of America (NYSE:BAC), UNG, JPMorgan Chase (NYSE:JPM), Citigroup Inc (NYSE:C)

Posted by on Feb 25, 2014

Deutsche Bank may be tipping a collapse of the Australian dollar, but rival investment bank Bank of America Corp (NYSE:BAC) Merrill Lynch is taking a bullish view and is betting on further gains back towards US93¢ in the short term. Bank of America Corp (NYSE:BAC) stock opened at $16.30 in last session, and closed at $16.53, while the day range of stock is $16.30 – $ 16.63. The stock showed a negative weekly performance of -1.02%.

The United States Natural Gas Fund LP (NYSEARCA:UNG) and the iPath Dow Jones-UBS Natural Gas Total Return Sub-Index ETN are two of this year’s best-performing non-leveraged ETPs and although some traders are forecasting additional upside for natural gas, some appear content to depart now before the commodity’s reputation for volatility plays out again.United States Natural Gas Fund, LP (NYSEARCA:UNG) stock opened at $27.82, in last session and closed at $26.12, by losing -5.81%. The 52 week range of the stock is $16.59 – $27.88. Company’s market capitalization is $858.47 million.

J.P. Morgan Chase & Co. (NYSE:JPM) is expected to cut 2,000 mortgage jobs in addition to the 13,000 to 15,000 cuts announced a year ago, the Financial Times reported Monday, citing people familiar with the matter. JPMorgan Chase & Co. (NYSE:JPM) stock advanced 0.73% and finished the last session at $58.03. The EPS of the stock remained 4.37. Company’s market capitalization is $219.75 billion.

The executive suite at Citigroup Inc. (NYSE:C)’s headquarters in New York where Michael Corbat has his office hasn’t been renovated since its previous occupant, Vikram Pandit, vacated the premises in October 2012. Citigroup Inc (NYSE:C) stock opened the session at $48.33, and closed the session at $48.98. The 52 week range of the stock remained $40.28 – $55.28 and the day range was $48.31 – $49.48.

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