Financial Sector Active Runners: Bank of America Corporation (NYSE:BAC), Citigroup, Inc. (NYSE:C), Bank of New York Mellon (NYSE:BK), JPMorgan Chase (NYSE:JPM)

Technology Stocks News 18

Overall, mortgage interest rates remained unchanged today, although at some lenders rates slightly improved following the improvements in bond markets during the day. At Charlotte-based major mortgage provider, Bank of America Corporation (NYSE:BAC), interest rates haven’t seen any changes today, according to our observations. Annual percentage rates, on the other hand, look mixed this Tuesday. Bank of America Corporation (NYSE:BAC) stock performance was -0.92% in last session and finished the day at $17.21. Traded volume was 17.94million shares in the last session and the average volume of the stock remained 111.77million shares. The beta of the stock remained 1.85. Bank of America Corporation (NYSE:BAC) insider ownership is 0.03%.

Citigroup Inc (NYSE:C), the world’s second biggest foreign exchange trader, is reorganizing its trading desk, employing a new global chief of trading and integrating its electronic and voice trading businesses, as informed by Reuters. According to an internal memo witnessed by Reuters, a newly created position of the global head of spot FX trading at Citigroup, Inc. (NYSE:C) will be taken over by Richard Bibbey. The London based executive is already managing responsibilities of the head of electronic FX trading at the bank. Citigroup, Inc. (NYSE:C) rose 0.50 percent to $50.30 Tuesday on volume of 17.49million shares. The intra-day range of the stock was $50.05 to $50.56. Citigroup, Inc. (NYSE:C) has a market capitalization of $152.83billion.

The Bank of New York Mellon Corporation (NYSE:BK) has received an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, Analyst Ratings Network.com reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The Bank of New York Mellon Corporation (NYSE:BK)’s stock on Mar 25, 2014 reported a decrease of -0.51% to the closing price of $35.40. Its fifty two weeks range is $26.64 -$35.88. The total market capitalization recorded $40.19billion. The overall volume in the last trading session was million shares. In its share capital, BK has 1.14billion outstanding shares.

Only a few private equity firms are bidding including Blackstone Group, Bain Capital, Apollo Global Management and Carlyle Group. However, sources say, they are not a small minority of the bidders. Goldman Sachs & Co. and J.P Morgan & Co. (NYSE:JPM) are running the sale. On Tuesday, shares of JPMorgan Chase & Co. (NYSE:JPM) dropped -0.23% to close the day at $60.93. Company return on investment (ROI) is 7.10% and its monthly performance is recorded as 5.00%. JPMorgan Chase & Co. (NYSE:JPM) quarterly revenue growth is 6.99%.

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