Financial Sector Active Runners: Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC), JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC)

Technology Stocks News 9

Citigroup Inc (NYSE:C)’s Board of Directors announced the dividends on the leading global bank’s preferred stock. The bank has announced a Fixed Rate or Floating Rate of 8.4% on Non-Cumulative Preferred Stock of Series E which are payable on April 30, 2014, to record holders as on April 18, 2014. Citigroup Inc (NYSE:C) stock performance was 0.92% in last session and finished the day at $48.24. Traded volume was 22.35million shares in the last session and the average volume of the stock remained 30.17million shares. The beta of the stock remained 2.00. Citigroup Inc (NYSE:C) insider ownership is 0.10%.

Bank of America Corporation (NYSE:BAC) today announced the Board of Directors has authorized dividends on preferred stock. A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on June 16, 2014 to shareholders of record as of May 30, 2014.Bank of America Corp (NYSE:BAC) dropped -0.63 percent to $17.23 Wednesday on volume of 65.35million shares. The intra-day range of the stock was $17.13 to $17.38. Bank of America Corp (NYSE:BAC) has a market capitalization of $181.40billion.

JPMorgan Chase & Co. (NYSE:JPM) could be facing a heavy lawsuit from its shareholders after being charged with providing misleading information of the bank’s ability to manage risk arising out of the London Whale scandal, where the bank lost USD 6.2 billion. JPMorgan Chase & Co. (NYSE:JPM)’s stock on Apr 02, 2014 reported a increase of 0.32% to the closing price of $60.48. Its fifty two weeks range is $46.05 -$61.48. The total market capitalization recorded $229.03billion. The overall volume in the last trading session was 14.01million shares. In its share capital, JPM has 3.79billion outstanding shares.

The Wells Fargo & Co. (NYSE:WFC) reportedly appointed a new Chief Financial Officer and a new head for the wholesale banking department as well. Well if not new appointments, these could be called reshuffling the executives because the previous Chief Financial Officer, namely Timothy J. Sloan is leaving the office in order to join the wholesale banking group. On Wednesday, shares of Wells Fargo & Co (NYSE:WFC) dropped -0.02% to close the day at $49.76. Company return on investment (ROI) is 9.80% and its monthly performance is recorded as 6.46%. Wells Fargo & Co (NYSE:WFC) quarterly revenue growth is 10.33%.

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