U.S. markets were lifted by news after the U.S. Senate announced a deal that would temporarily raise the debt ceiling, ending the partial 16-day shutdown and avoiding a debt default. J.P. Morgan Chase & Co. and Wells Fargo & Co. banks’ third quarter earnings season last Friday. Uncertainties over rising interest rates and loan growth have seen analysts lower earnings estimates for Citigroup Inc., Goldman Sachs, J.P. Morgan and Morgan Stanley over the past month.
BB&T Corporation (NYSE: BBT) shares traded in the range of $33.68 to $34.36 Wednesday before settling to close at $34.22, an increase of 2.06 percent. The stock appears to be facing some resistance at the $34.50 and $34.94 levels with some support at $33.78. Shares of BB&T have gained approximately 17.0 percent in 2013.
More information on BB&T and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BBT
JPMorgan Chase & Co. (NYSE: JPM) shares traded in the range of $52.58 to $51.04 Wednesday before settling to close at $54.00, an increase of 3.23 percent. The stock appears to be facing some resistance at the $54.34 and $54.64 levels with some support at $53.69. Shares of JPMorgan Chase & Co. have gained approximately 22.0 percent in 2013.
More information on JPMorgan Chase & Co. and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JPM
Morgan Stanley (NYSE: MS) shares traded in the range of $28.13 to $28.75 Wednesday before settling to close at $28.63, an increase of 2.29 percent. The stock appears to be facing some resistance at $29.27 with some support at the $27.89 and $27.10 levels. Shares of Morgan Stanley have gained approximately 46.0 percent in 2013.
More information on Morgan Stanley and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MS
U.S. Bancorp (NYSE: USB) shares traded in the range of $36.83 to $37.69 Wednesday before settling to close at $37.24, an increase of 0.98 percent. The stock appears to be facing some resistance at the $37.58 and $37.76 levels with some support at $36.88. Shares of U.S. Bancorp have gained approximately 16.0 percent in 2013.
More information on U.S. Bancorp and access to the free equity report can be found at:
www.WallStreetFundamentals.com/USB
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