Friday Active Stocks: Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM), Morgan Stanley (NYSE:MS), Regions Financial (NYSE:RF)

Bank of America Corp (NYSE:BAC) agreed to pay $772 million for settling allegations of unfair billing and deceptive marketing of credit card products. Out of this amount, a total of $727 million will go towards refunding add-on fees paid by some 2.9 million customers.Bank of America Corp (NYSE:BAC) shares after opening at $15.86 moved to $16.13 on last trade day and at the end of the day closed at $ 15.77. Company price to sales ratio in past twelve months was calculated as 3.02 and price to cash ratio as 0.29. Bank of America Corp (NYSE:BAC) showed a negative weekly performance of -5.68%.

J.P. Morgan Chase (NYSE:JPM) settled with regulators to the tune of $1.3 billion for failing to report red flags surrounding deposits placed by ponzi-schemer Bernie Madoff. In total, J.P. Morgan Chase has shelled out a whopping $19.7 billion, far and away the most for any financial institution. JPMorgan Chase & Co. (NYSE:JPM) shares fell -3.66% in last trading session and ended the day on $55.30. JPM return on equity ratio is recorded as 11.50% and its return on assets is 0.90%. JPMorgan Chase & Co. (NYSE:JPM) yearly performance is -7.54%.

Web hosting space provider, has decided to appoint Morgan Stanley (NYSE:MS) and JPMorgan Chase & Co. to co-manage its initial public offering which is scheduled to hit the markets later this year , as per people close to the deal. This is interesting as the company had originally filed for going public in 2006 but withdrew within months citing adverse market conditions. Morgan Stanley (NYSE:MS) shares moved down -2.67% in last trading session and was closed at $28.47 while trading in range of $28.31 – $29.14 – Morgan Stanley (NYSE:MS) year to date (YTD) performance is -9.07%.

Equities researchers at Guggenheim lifted their price target on shares of Regions Financial (NYSE:RF) from $12.50 to $13.00 in a research report issued on Tuesday, StockRatings Networkreports. The firm currently has a “buy” rating on the stock. Regions Financial Corporation (NYSE:RF) weekly performance is -7.29%. On last trading day company shares ended up $10.17. Regions Financial Corporation (NYSE:RF) distance from 50-day simple moving average (SMA50) is -4.14%. Analysts mean target price for the company is $11.67.