Bank of America Corp (NYSE: BAC) is also taking internal steps, such as branch closings and manpower rationalization — to become a better banking institution. Its ‘Safe Balance’ initiative is likely to prove a major hit with its customers. It has a strong online presence with 30 million users of its online banking website. Bank of America Corp (NYSE:BAC) shares after opening at $17.28 moved to $17.40 on last trade day and at the end of the day closed at $17.34. Company price to sales ratio in past twelve months was calculated as 3.32 and price to cash ratio as 0.31. Bank of America Corp (NYSE:BAC) showed a positive weekly performance of 0.76%.
Citigroup Inc (NYSE:C) has edged higher along with the broader equities market, up 1.1% at $48.14. From a longer-term perspective, the equity remains 7.6% lower year-to-date, with recent rebound attempts stalling in the $50 region — home to the shares’ formidable 20-week moving average. However, despite Citigroup’s woes on and off the charts– which former chairman John Reed chalked up to “managerial turmoil,” among other things — options players are gambling on a short-term uptick for C.Citigroup Inc (NYSE:C) shares advanced 0.42% in last trading session and ended the day on $47.80. 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 8.46%.
The “Hold” rating of HSBC Holdings plc (ADR) (NYSE:HSBC) stood its ground according to MayBank Kin Eng analysts who have given a price target of GBX 713.57 valued at $11.67 to the bank’s stock. HSBC Holdings plc (ADR) (NYSE:HSBC) shares moved up 0.83% in last trading session and was closed at $51.25, while trading in range of $51.05-$51.40. HSBC Holdings plc (ADR) (NYSE:HSBC) year to date performance is -5.29%.
Credit Suisse research analysts for equities have reevaluated the Neutral rating of Barclays PLC (ADR) (NYSE:BCS). These analysts have given a target price of GBX 270 at $4.40 to stocks of Barclays PLC (ADR) (NYSE:BCS).Barclays PLC (ADR) (NYSE:BCS) weekly performance is 0.89%. On last trading day company shares ended up $15.89. Barclays PLC (ADR) (NYSE:BCS) distance from 50-day simple moving average is -5.87%. Analysts mean target price for the company is $17.73.