NEW YORK, March 14, 2017 /PRNewswire/ --
Stock-Callers.com is currently monitoring four equities in the Money Center Banks industry, and they are Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C), and JPMorgan Chase & Co. (NYSE: JPM). These firms belong to the Financials sector, which edged higher on Monday, March 13th, 2017, with the NYSE Financials Sector Index climbing about 0.2%, while Financials companies in the S&P 500 Index added less than 0.1% in value. Download the free research reports on these stocks today:
Bank of America
Charlotte, North Carolina-based Bank of America Corp.'s shares declined 0.04%, closing Monday's trading session at $25.30. The stock recorded a trading volume of 56.35 million shares. Shares of the Company have advanced 9.76% in the last month, 10.58% over the previous three months, and 14.83% since the start of this year. The stock is trading 7.66% above its 50-day moving average and 39.92% above its 200-day moving average. Additionally, shares of Bank of America, which through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide, have a Relative Strength Index (RSI) of 64.24.
On January 26th, 2017, Bank of America's Board of Directors declared a regular quarterly cash dividend on its common stock of $0.075 per share, payable March 31st, 2017, to shareholders of record as of March 03rd, 2017.
On February 16th, 2017, research firm Macquarie upgraded the Company's stock rating from 'Neutral' to 'Outperform'. See our free and comprehensive research report on BAC at:
On Monday, shares in San Francisco, California headquartered Wells Fargo & Co. recorded a trading volume of 13.10 million shares. The stock fell 0.25%, ending the day at $58.70. The Company's shares have advanced 3.47% in the past month, 3.16% in the previous three months, and 7.24% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.02% and 17.00%, respectively. Furthermore, shares of Wells Fargo, which provides retail, commercial, and corporate banking services to individuals, businesses, and institutions, have an RSI of 58.11.
On February 16th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'.
On March 09th, 2017, Wells Fargo Asset Management announced that Fredrik Axsater, CFA, has been appointed Executive Vice President and Head of Strategic Business Segments. In this newly created role, Axsater will build a team focused on establishing a deeper understanding of client needs and growing three strategic business segments: Defined Contribution; Environmental, Social, and Corporate Governance; and partnerships with the businesses that comprise Wells Fargo's Wealth and Investment Management division. WFC free research report PDF is just a click away at:
New York-based Citigroup Inc.'s stock finished the day 0.07% higher at $61.53 with a total trading volume of 13.36 million shares. The Company's shares have gained 7.46% in the last one month, 2.59% in the previous three months, and 3.83% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.38% and 20.96%, respectively. Additionally, shares of Citigroup, which provides various financial products and services for consumers, corporations, governments, and institutions worldwide, have an RSI of 59.57.
On March 08th, 2017, Citi announced that it has again secured the top ranking in Affordable Housing Finance Magazine's annual survey of affordable housing lenders for the seventh consecutive year. Citi Community Capital, the bank unit through which Citi works to finance all types of affordable housing and community development projects, reported over $5.75 billion of lending to finance affordable rental housing projects in 2016. This was a record year for the Bank, which lent over $2 billion more than its closest competitor and $1 billion more than it lent the previous year. Sign up for your complimentary report on C at:
Shares in New York headquartered JPMorgan Chase & Co. ended yesterday's session 0.09% higher at $91.36. The stock recorded a trading volume of 10.00 million shares. The Company's shares have advanced 4.77% in the last one month, 7.92% over the previous three months, and 6.46% since the start of this year. The stock is trading 4.08% and 24.80% above its 50-day and 200-day moving averages, respectively. Moreover, shares of JPMorgan Chase, which operates as a financial services company worldwide, have an RSI of 56.37.
On March 10th, 2017, JPMorgan announced that it has agreed to acquire MCX's payments technology to help expand Chase Pay, the mobile and digital wallet for Chase customers. MCX, a network of America's largest merchants, was the premier launch partner for Chase Pay in October 2015. The transaction is expected to close in the coming weeks. Register for free on Stock-Callers.com and download the latest research report on JPM at:
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