Bank of America Corp (NYSE:BAC) has adequate capital to keep lending in a severe economic downturn, the Federal Reserve said Thursday in the release of its annual stress tests. Bank of America Corp (NYSE:BAC) shares after opening at $17.44 moved to $18.00 on last trade day and at the end of the day closed at $17.92. Company price to sales ratio in past twelve months was calculated as 3.46 and price to cash ratio as 0.33. Bank of America Corp (NYSE:BAC) showed a positive weekly performance of 4.43%.
Citi Citigroup Inc. (NYSE:C) released certain disclosures required by the rules of the Federal Reserve Board and the Office of the Comptroller of the Currency in connection with the 2014 annual supervisory stress tests. Citigroup Inc. (NYSE:C) shares advanced 2.62% in last trading session and ended the day on $50.22. 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 9.06%.
On Wednesday, JPMorgan Chase took a big step in that direction, announcing that it had agreed to sell its physical commodities trading unit to the Mercuria Energy Group, a rapidly growing Swiss trading firm, for $3.5 billion in cash. JPMorgan Chase & Co. (NYSE:JPM) shares moved up 3.10% in last trading session and was closed at $60.11, while trading in range of $58.13 – $60.49. JPMorgan Chase & Co. (NYSE:JPM) year to date (YTD) performance is 3.46%.
Morgan Stanley(NYSE:MS) has settled a lawsuit in which it accused a commodities hedge fund run by Peak Ridge Capital Group of failing to cover more than $40 million of losses stemming from bad bets on natural gas. Morgan Stanley (NYSE:MS) weekly performance is 4.29%. On last trading day company shares ended up $32.79. Morgan Stanley (NYSE:MS) distance from 50-day simple moving average (SMA50) is 6.74%. Analysts mean target price for the company is $33.60.
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