Shares of Bank of America (NYSE:BAC) have been given an average rating of “Hold” by the thirty-one brokerages that are covering the company, American Banking News.com reports. One analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $16.49. Bank of America Corp (NYSE:BAC) shares after opening at $17.28 moved to $17.49 on last trade day and at the end of the day closed at $17.01. Company price to sales ratio in past twelve months was calculated as 3.29 and price to cash ratio as 0.31. Bank of America Corp (NYSE:BAC) showed a negative weekly performance of -5.08%.
Citigroup Inc (NYSE:C) issued a press release on Wednesday confirming that the Fed objected to the capital plan that it submitted. What is sad here, outside of the response, is that Citigroup was only asking for a $6.4 billion common stock repurchase program and an increase of the common stock dividend to $0.05 per share. Citigroup Inc (NYSE:C) shares fell -5.40% in last trading session and ended the day on $47.45. C return on equity ratio is recorded as 8.60% and its return on assets is 0.90%. Citigroup Inc (NYSE:C) yearly performance is 6.82%.
Wells Fargo & Co (NYSE:WFC) released the results of its company run stress test last week which were in accordance with the Dodd- Frank Wall Street Reform and Consumer Protection Act (DFA).Wells Fargo & Co (NYSE:WFC) shares moved up 1.24% in last trading session and was closed at $49.10, while trading in range of $48.65-$49.79. Wells Fargo & Co (NYSE:WFC) year to date performance is 36.62%.
Federal Reserve is getting stricter with norms which allow lenders like JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc (NYSE:C) getting into commodity business. Fed said that it is reviewing the norms as physical commodities and banking are complementary to each other. January this year Fed released an Advanced Notice of Proposed Rule-making, where Fed will discuss on possible risks of physical trading activities of banks. JPMorgan Chase & Co. (NYSE:JPM) weekly performance is -0.32%. On last trading day company shares ended up $59.92. JPMorgan Chase & Co. (NYSE:JPM) distance from 50-day simple moving average is 4.15%. Analysts mean target price for the company is $65.48.
Leave a Reply