Money Centre Banks Most Active: Bank of America (NYSE:BAC), Citigroup Inc. (NYSE:C), Wells Fargo (NYSE:WFC), JPMorgan Chase (NYSE:JPM)

A federal judge has recommended dismissal of a U.S. government lawsuit accusing Bank of America Corp (NYSE:BAC) of defrauding investors into buying about $855 million of mortgage securities that soured during the global financial crisis. Bank of America Corp (NYSE:BAC) shares after opening at $17.08 moved to $17.15 on last trade day and at the end of the day closed at $16.98. Company price to sales ratio in past twelve months was calculated as 3.25 and price to cash ratio as 0.31. Bank of America Corp (NYSE:BAC) showed a negative weekly performance of -3.30%.

Weaknesses in auditing led to Citigroup Inc. (NYSE:C) failing the U.S. Federal Reserve capital assessments, fuelling fears that there is negligence in controls at the U.S. bank, the Financial Times reported on Friday citing executives and others sources familiar with the matter. Citigroup Inc. (NYSE:C) shares fell -0.42% in last trading session and ended the day on $47.25. 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 6.90%.

Wells Fargo Funds Management, LLC, (NYSE:WFC) is pleased to recognize two team members who were awarded 2014 Rising Star awards by Institutional Investor’s Fund Industry Intelligence last night in New York City. Rising stars are considered by Fund Industry Intelligence to be self-starters who have risen quickly to further the development of their firm or the industry as a whole. Wells Fargo & Co (NYSE:WFC) shares moved up 0.39% in last trading session and was closed at $49.29, while trading in range of $49.05 – $49.61. Wells Fargo & Co (NYSE:WFC) year to date (YTD) performance is 9.29%.

JPMorgan Chase & Co. (NYSE:JPM), the largest U.S. lender, promoted John Simmons to co-head of middle-market banking as Steve Walker plans to retire. JPMorgan Chase & Co. (NYSE:JPM) weekly performance is -0.22%. On last trading day company shares ended up $60.04. JPMorgan Chase & Co. (NYSE:JPM) distance from 50-day simple moving average (SMA50) is 4.28%. Analysts mean target price for the company is $65.50.