Financial stocks have stumbled through the gates in 2014. The SPDR KBW Bank ETF (NYSEARCA: KBE) is down 4.1 percent year-to-date, while the broader Financial Select Sector SPDR Fund (NYSE: XLF) has fallen 2.61 percent so far this year. Bank of America Corp. is the only one of the big "four" U.S. banks to have posted a gain this year. Here is how some U.S. banking stocks reacted Friday:
Bank of America Corp. (NYSE: BAC) shares traded in the range of $16.63 to $16.88 Friday before settling to close at $16.82, an increase of 0.78 percent. The stock appears to be facing some resistance at $17.23 with some support at the $16.63 and $16.38. Shares of Bank of America have gained approximately 8.0 percent year-to-date.
More information on Bank of America and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BAC
Citigroup Inc. (NYSE: C) shares traded in the range of $48.52 to $49.39 Friday before settling to close at $49.34, an increase of 2.26 percent. The stock appears to be facing some resistance at the $49.66 and $50.63 levels with some support at $48.26 and $47.67. Shares of Citigroup have fallen approximately 5.0 percent year-to-date.
More information on Citigroup and access to the free equity report can be found at:
www.WallStreetFundamentals.com/C
JPMorgan Chase & Co. (NYSE: JPM) shares traded in the range of $56.26 to $56.93 Friday before settling to close at $56.62, an increase of 0.25 percent. The stock appears to be facing some resistance at the $57.05 and $57.61 levels with some support at $56.02 and $54.75. Shares of JPMorgan have fallen approximately 3.0 percent year-to-date.
More information on JPMorgan and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JPM
Wells Fargo & Co. (NYSE: WFC) shares traded in the range of $44.84 to $45.40 Friday before settling to close at $45.37, an increase of 1.32 percent. The stock appears to be facing some resistance at the $45.70 and $46.60 levels with some support at $45.34 and $44.94. Shares of Wells Fargo have fallen approximately 1.0 percent year-to-date.
More information on Wells Fargo and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WFC
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