Bank of America Corp (NYSE:BAC) former finance chief, Joe Price, has agreed to pay $7.5 million to settle a New York lawsuit that accused the bank and its former executives of misleading investors during the lender’s acquisition of Merrill Lynch. Bank of America Corp (NYSE:BAC) shares after opening at $16.10 moved to $16.23 on last trade day and at the end of the day closed at $15.95. Company price to sales ratio in past twelve months was calculated as 3.12 and price to cash ratio as 0.27. Bank of America Corp (NYSE:BAC) showed a negative weekly performance of -1.24%.
Barclays (NYSE:BCS)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc (NYSE:C) in a report released on Friday. Citigroup Inc (NYSE:C) shares fell -1.20% in last trading session and ended the day on $47.75. C return on equity ratio is recorded as 8.50% and its return on assets is 0.90%. Citigroup Inc (NYSE:C) yearly performance is 1.44%.
JPMorgan Chase & Co. (NYSE:JPM) has won a contract to help in the management of $12 billion worth of bonds for Resolution Life Holdings; a startup insurer planning to acquire policies in the U.S. The partnership will represent a comprehensive investment management relationship that will include fixed income portfolio management, as well as asset liability management. The partnership will also cover asset allocation strategy and investment accounting. JPMorgan Chase & Co. (NYSE:JPM) shares moved down -0.87% in last trading session and was closed at $55.70, while trading in range of $55.64-$56.35. JPMorgan Chase & Co. (NYSE:JPM) year to date performance is -3.53%.
Wells Fargo & Co. (NYSE:WFC) is the latest big bank to announce that it will begin webcasting its annual shareholder meeting. Starting next year, Wells Fargo expects to provide an audio webcast of its annual meeting “given the recent interest,” a bank spokesman said Friday. He added that the bank is committed to holding “an annual meeting that is open, informative and serves the interests of the shareholders.” Wells Fargo isn’t planning to webcast its annual meeting Tuesday, however.Wells Fargo & Co (NYSE:WFC) weekly performance is 0.25%. On last trading day company shares ended up $49.05. Wells Fargo & Co (NYSE:WFC) distance from 50-day simple moving average is 2.32%. Analysts mean target price for the company is $51.68.
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