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

Bank of America Corp (NYSE:BAC) dipped Friday, one day after CLSA analyst Mike Mayo slashed his full-year 2014 earnings per share estimates on the bank to 55 cents from $1. Mayo doubted Bank of America has put aside enough money for a possible settlement with the U.S. Justice Department regarding mortgage-backed securities. He believes the bank has $2.4 billion for a settlement, but it could cost approximately $8 billion. Bank of America Corp (NYSE:BAC) stock performance was -1.27% in last session and finished the day at $ 14.74. Traded volume was 86,132,824 shares in the last session and the average volume of the stock remained 104.04 million shares. The beta of the stock remained 1.74. Bank of America Corp (NYSE:BAC) insider ownership is 0.03%.

Citigroup Inc (NYSE:C)’s Issuer Services business, acting through Citibank N.A., has been appointed by Hanwha Chemical Co., Ltd. (“Hanwha”), a Korea-based company, as the depositary bank for its Global Depositary Receipt (GDR) program. Citigroup Inc (NYSE:C) dropped -0.32% to $ 46.99 yesterday on volume of 15,181,879 shares. The intra-day range of the stock was $ 46.71 – 47.23. Citigroup Inc (NYSE:C) has a market capitalization of $ 142.75 billion.

Wells Fargo & Co (NYSE:WFC), NeighborWorks America® and Select Milwaukee, on May 8,2014 joined Milwaukee Mayor Tom Barrett to announce the Milwaukee Wells Fargo NeighborhoodLIFT® program, an initiative offering $5.15 million from Wells Fargo to boost homeownership and strengthen neighborhoods in the city’s low- and moderate-income areas. Wells Fargo & Co (NYSE:WFC)’s stock on May 9, 2014 reported a decrease of -0.51% to the closing price of $ 49.08. Its fifty two weeks range is $ 48.91 – 49.32. The total market capitalization recorded $ 258.51 billion. The overall volume in the last trading session was 15,161,253 shares. In its share capital, Wells Fargo & Co (NYSE:WFC) has 5.27 billion outstanding shares.

JPMorgan Chase & Co. (NYSE:JPM) is reviewing its relationships with several hundred U.S. clients that use the bank for back-office functions such as processing trades, said people close to the situation. The bank has been examining its relationships with so-called domestic correspondent banks, for which it clears payments and processes other transactions, the people said. On Friday, shares of JPMorgan Chase & Co. (NYSE:JPM) dropped -0.64% to close the day at $ 54.01. Company return on investment (ROI) is 7.50% and its monthly performance is recorded as -8.87%. JPMorgan Chase & Co. (NYSE:JPM) quarterly revenue growth is -4.02%.

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