In late October, a federal jury in Manhattan found Bank of America (NYSE:BAC) liable for toxic mortgage loans sold to the government-owned mortgage financiers Fannie Mae and Freddie Mac. The civil fraud suit brought by the Department of Justice alleged that Countrywide Financial, before the bank’s 2008 acquisition, sold the financiers billions of dollars of toxic mortgage loans. Bank of America Corp (NYSE:BAC) stock opened at $16.49 in last session, and closed at $16.53, while the day range of BAC stock is $16.34-16.65.The stock showed a positive weekly performance of 1.47%.
Citigroup Inc (NYSE:C), is a diversified financial services holding company, provides various financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, wealth management and transaction services to consumers, corporations, governments and institutions worldwide. Citigroup Inc (NYSE:C) stock opened at $48.27, in last session and closed at $48.63, by loosed -0.12%.The 52 week range was $41.02-$55.28.Company’s market capitalization is $147.31 billion.
JPMorgan Chase & Co. (NYSE:JPM) stock had its “neutral” rating reiterated by Zacks in a report released on Friday, Stock Ratings Newsreports. They currently have a $59.00 target price on the stock. JPMorgan Chase & Co. (NYSE:JPM) stock gained 0.23% and finished the last session at $56.82.The EPS of the stock remained 4.37.Company’s market capitalization is $215.17 billion.
Wells Fargo & Co (NYSE:WFC) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins, notable return on equity and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.” Wells Fargo & Co (NYSE:WFC) stock opened the session at $46.10, and closed the session at $46.42.The 52 week range of the WFC stock remained $34.85-$46.84 and the day range was $46.01-$46.65.