Moody’s Investors Service has decided against raising its credit ratings on debt of Banamex, the Mexican subsidiary of Citigroup Inc. (NYSE:C) because of the bank’s disclosure last week of losses on some $400 million on fraudulent loans to an oilfield services company. Citigroup Inc. (NYSE:C) stock opened at $49.04 in last session, and closed at $49.42, while the day range of Citigroup Inc. (NYSE:C) stock is $48.96 – $49.92. The stock showed a positive weekly performance of 2.28%.
Equities research analysts at JPMorgan Chase & Co. (NYSE:JPM) lifted their target price on shares of Tesla Motors (NASDAQ:TSLA) from $137.00 to $164.00 in a research note issued to investors on Monday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 35.09% from the company’s current price. JPMorgan Chase & Co. (NYSE:JPM) stock opened at $57.48 in last session, and closed at $58.16 by gaining 1.57%. The 52 week range of $46.05 – $59.82. Company’s market capitalization is $218.80 billion.
Morgan Stanley has made changes to how it has organized its private bank in Asia, for which Switzerland was originally intended as a platform to expand. Morgan Stanley (NYSE:MS) stock increased 2.80% and finished the last session at $$31.97. The EPS of the stock remained 1.43. Company’s market capitalization is $60.90 billion.
San Francisco-based Wells Fargo & Co (NYSE:WFC) plans to move 5,000 employees into the two 17-story office towers, which are part of a $400 million mixed-use development known as Downtown East. Wells Fargo & Co (NYSE:WFC) stock opened the session at $46.82, and closed the session at $$47.09. The 52 week range of the Wells Fargo & Co (NYSE:WFC) stock remained $$35.81 – $47.23 and the day range was $$46.69 – $47.23.
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