Money Center Banks: Wells Fargo (NYSE:WFC), SunTrust Banks (NYSE:STI), Mitsubishi UFJ Financial (NYSE:MTU), JPMorgan Chase (NYSE:JPM)

Posted by on Mar 17, 2014

SunTrust (NYSE:STI) has received an average rating of “Buy” from the twenty-eight ratings firms that are currently covering the stock, AR Network reports. Thirteen equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. SunTrust Banks, Inc. (NYSE:STI) shares fell -0.10% in last trading session and ended the day on $38.62. STI return on equity ratio is recorded as 8.00% and its return on assets is 0.90%. SunTrust Banks, Inc. (NYSE:STI) yearly performance is 31.90%.

The Wells Fargo/Gallup Investor and Retirement Optimism Index jumped 12 points in the first quarter, rising to +37 in February from +25 in November 2013. The positive sentiment approaches the +43 of last May before the budget brinksmanship and partial government shutdown lowered investor optimism last fall. Wells Fargo & Co (NYSE:WFC) shares after opening at $47.59 moved to $48.07 on last trade day and at the end of the day closed at $47.40.Company price to sales ratio in past twelve months was calculated as 13.90 and price to cash ratio as 0.79. Wells Fargo & Co (NYSE:WFC) showed a negative weekly performance of -1.15%.

Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, raised a record $4 billion selling bonds to help fund its goal of becoming a top 10 U.S. lender. Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) shares moved down -1.25% in last trading session and was closed at $5.53, while trading in range of $5.50-$5.55. Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) year to date performance is -17.22%.

JPMorgan Chase & Co. (JPM) has stalled the sale of its private equity division, One Equity Partners (OEP). Though the actual reason is not known, there are market speculations that it could be because the company raised the unit’s sale price. JPMorgan Chase & Co. (NYSE:JPM) weekly performance is -4.38%. On last trading day company shares ended up $56.80. JPMorgan Chase & Co. (NYSE:JPM) distance from 50-day simple moving average is -1.03%. Analysts mean target price for the company is $65.51.

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