Bank of America Corp (NYSE:BAC) may have a new mortgage problem on its plate, saying on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. government housing program. Bank of America Corp (NYSE:BAC) stock opened at $16.50 in last session, and closed at $16.34, while the day range of BAC stock is $16.32 – $16.56. The stock showed a negative weekly performance of -0.79%.
The neighborhood has created heartache for its residents, but it is also disappointing for Citigroup Inc (NYSE:C), which helped finance Desarrolladora Homex, the site’s developer and once Mexico’s second-largest homebuilder. Citigroup Inc (NYSE:C) stock opened at $48.94, in last session and closed at $48.40, by losing -1.18%. The 52 week range of C is $40.28 – $55.28. Company’s market capitalization is $146.61billion.
Goldman Sachs, Barclays, JPMorgan Chase & Co. (NYSE:JPM) and Citigroup are among 18 brokerages that have agreed with the New York attorney-general to stop participating in analyst surveys that appeared to give some fund managers a heads-up on changing stock recommendations. JPMorgan Chase & Co. (NYSE:JPM) stock decreased -1.72% and finished the last session at $57.03. The EPS of the stock remained 4.37. Company’s market capitalization is $215.96billion.
The finance director in Huddersfield turned instead to San Francisco-based Wells Fargo & Co (NYSE:WFC), borrowing $28 million after putting up as collateral the gearboxes that his firm, David Brown Gear Systems, makes to propel nuclear submarines. Wells Fargo & Co (NYSE:WFC) stock opened the session at $46.20, and closed the session at $46.08. The 52 week range of the WFC stock remained $34.52 – $46.84 and the day range was $45.95 – $46.26.
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