Money Center Banks: Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co (NYSE:WFC)



Bank of America Corp (NYSE:BAC) Merrill Lynch analysts also lowered their prediction from 7.6 per cent to 7.2 per cent for the full year due to the “significantly weaker than expected” data in the first two months. Bank of America Corp (NYSE:BAC) stock performance was -2.10% in last session and finished the day at $16.80. Traded volume was 131.30million shares in the last session and the average volume of the stock remained 108.00million shares. The beta of the stock remained 2.25. Bank of America Corp (NYSE:BAC) insider ownership is 0.03%.

A continued decline in the ruble would further hurt an already troubled Russian economy, which slowed to 1.3 percent growth last year from 3.4 percent in 2012. Expansion is set to slow to 1 percent this year amid tensions in Ukraine, Citigroup Inc (NYSE:C) said this week. Citigroup Inc (NYSE:C) dropped -0.95 percent to $46.88 Friday on volume of 26.14million shares. The intra-day range of the stock was $46.79 to $47.82. Citigroup Inc (NYSE:C) has a market capitalization of $142.44billion.

The Federal Deposit Insurance Corp has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves. The banks, which include Bank of America, Citigroup and JP Morgan Chase & Co. (NYSE:JPM) in the US, are among the world’s largest. JPMorgan Chase & Co. (NYSE:JPM)’s stock on Mar 14, 2014 reported a decrease of -1.08% to the closing price of $56.80. Its fifty two weeks range is $46.05-$59.82. The total market capitalization recorded $215.09billion. The overall volume in the last trading session was 18.64million shares. In its share capital, JPM has 3.76billion outstanding shares.

Wells Fargo & Co. (NYSE:WFC) and JPMorgan Chase & Co (NYSE:JPM) have knocked ICBC from its ranking as the world’s biggest bank by market value. On Friday, shares of Wells Fargo & Co (NYSE:WFC) dropped -0.92% to close the day at $47.40. Company return on investment (ROI) is 9.80% and its monthly performance is recorded as 3.07%. Wells Fargo & Co (NYSE:WFC) quarterly revenue growth is 9.65%.

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