Shares of Wells Fargo & Co. (NYSE:WFC) were the recipient of unusually large options trading activity on Friday. Stock traders acquired 25,082 call options on the stock, American Banking and Market Newsreports. This represents an increase of approximately 113% compared to the average volume of 11,773 call options. Wells Fargo & Co (NYSE:WFC) net profit margin is 45.80% and weekly performance is 2.20%. On last trading day company shares ended up $50.16. Analysts mean target price for the company is $52.32. Wells Fargo & Co (NYSE:WFC) distance from 50-day simple moving average (SMA50) is 2.77%.
Bloomberg recently reported that Bank of America Corp. (NYSE:BAC) has decided to close its electronic market making unit following potential conflict of interests as well as increased regulatory scrutiny of electronic trading. BofA launched this unit only last year and was yet on the advanced trail phase. The electronic trading unit was started to serve the retail client orders pertaining to its Merrill Lynch business. However, the unit was a contributing a fairly smaller portion of the bank’s overall operations. Bank of America Corp (NYSE:BAC) shares advanced 0.07% in last trading session and ended the day on $14.72. Its return on assets is 0.40%. Bank of America Corp (NYSE:BAC) quarterly performance is -10.90%.
Citigroup Inc (NYSE:C) has won the award for the Most Impressive MTN Dealer at the GlobalCapital Bond Awards, held last night (May 21) at the Guildhall in London. GlobalCapital is the leading UK-based financial weekly, which has been reporting on capital markets for over twenty-five years. Citigroup Inc (NYSE:C) shares moved up 0.32% in last trading session and was closed at $47.29, while trading in range of $47.09 -$47.40. Citigroup Inc (NYSE:C) year to date (YTD) performance is -9.21%.
National Bank of Greece (NYSE:NBG) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Friday, TheFlyOnTheWall.com reports. National Bank of Greece (ADR) (NYSE:NBG) ended the last trading day at $3.22. Company weekly volatility is calculated as 3.65% and price to cash ratio as 0.47. National Bank of Greece (ADR) (NYSE:NBG) showed a positive weekly performance of 6.27%.
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