NEW YORK, November 30, 2016 /PRNewswire/ --
Today, Stock-Callers.com has lined up four Money Center Banking equities for review which are: Bank of America Corp. (NYSE:
BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C), and JPMorgan Chase & Co. (NYSE: JPM). In the third quarter
of 2016, the industry's EBITDA grew by 2.36% sequentially, whereas its total debt decreased. Consequently, its debt coverage
ratio improved to 1.21, which is a new industry high. Learn more about these stocks by accessing their free
research reports at:
http://stock-callers.com/registration
Bank of America
Charlotte, North Carolina-based Bank of America Corp.'s shares declined 0.05%, closing
Tuesday's trading session at $20.29. The stock recorded a trading volume of 114.00 million shares,
which was above its three months average volume of 104.94 million shares. Shares of the Company have advanced 21.64% in the last
month, 25.91% in the previous three months and 21.99% on an YTD basis. The stock is trading 18.59% above its 50-day moving
average and 37.06% above its 200-day moving average. Additionally, shares of Bank of America, which through its subsidiaries,
provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional
investors, large corporations, and governments worldwide, have a Relative Strength Index (RSI) of 72.22.
On October 27th, 2016, Bank of America's Board of Directors declared a regular
quarterly cash dividend on its common stock of $0.075 per share, payable on December 30th, 2016 to shareholders of record as of December
02nd, 2016. The board also declared a regular quarterly cash dividend of $1.75
per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable January
25th, 2017 to shareholders of record as of January 11th, 2017.
Yesterday, research firm Keefe Bruyette upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Free
research report on BAC is available at:
http://stock-callers.com/registration/?symbol=BAC
Wells Fargo
On Tuesday, shares in San Francisco, California headquartered Wells Fargo & Co. recorded
a trading volume of 16.25 million shares. The stock rose 0.54%, ending the day at $51.86. The
Company's shares have advanced 13.11% in the last month and 3.30% over the previous three months. The stock is trading above its
50-day and 200-day moving averages by 10.88% and 9.07%, respectively. Furthermore, shares of Wells Fargo, which provides retail,
commercial, and corporate banking services to individuals, businesses, and institutions, have an RSI of 64.97.
On November 23rd, 2016, Wells Fargo Funds Management, LLC, a wholly owned subsidiary
of Wells Fargo & Company, announced that its Wells Fargo Income Opportunities Fund, Wells Fargo Utilities and High Income
Fund, and Wells Fargo Global Dividend Opportunity Fund, will extend their open-market share repurchase programs. The funds'
Boards of Trustees have authorized the repurchase of an aggregate of up to 10% of each fund's outstanding shares in open-market
transactions during the period beginning December 17th, 2016, ending December 31st, 2017.
On November 28th, 2016, research firm Jefferies downgraded the Company's stock rating
from 'Buy' to 'Hold'. The complimentary research report on WFC can be downloaded at:
http://stock-callers.com/registration/?symbol=WFC
Citigroup
New York-based Citigroup Inc.'s stock finished the day 0.09% higher at $55.52 and with a total trading volume of 15.72 million shares. The Company's shares have advanced 12.40% in
the last one month, 16.29% in the previous three months and 8.28% since the start of this year. The stock is trading above its
50-day and 200-day moving averages by 11.08% and 22.67%, respectively. Additionally, shares of Citigroup, which provides various
financial products and services for consumers, corporations, governments, and institutions worldwide, have an RSI of 67.80.
On November 21st, 2016, Citigroup announced that it will increase its common stock
repurchase program by up to $1.75 billion. This amount is in addition to the $10.4 billion in planned capital actions announced earlier this year, which include an increase of Citi's
quarterly common stock dividend to $0.16 per share and a common stock repurchase program of up to
$8.6 billion.
On November 28th, 2016, research firm Jefferies downgraded the Company's stock rating
from 'Buy' to 'Hold'. Visit us today and access our complete research report on C at:
http://stock-callers.com/registration/?symbol=C
JPMorgan Chase
Shares in New York headquartered JPMorgan Chase & Co. ended yesterday's session 0.77%
higher at $78.92. The stock recorded a trading volume of 14.14 million shares. The Company's shares
have advanced 14.19% in the last one month, 17.77% over the previous three months and 23.05% on an YTD basis. The stock is
trading 12.22% and 23.53% above its 50-day and 200-day moving averages, respectively. Moreover, shares of JPMorgan Chase, which
operates as a financial services company worldwide, have an RSI of 74.15.
On November 09th, 2016, research firm Robert W. Baird downgraded the Company's stock
rating from 'Outperform' to 'Neutral', issuing a target price of $72 per share. Get free access to
your research report on JPM at:
http://stock-callers.com/registration/?symbol=JPM
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment
newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments.
One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports
covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered
analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and
micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a
third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on
analyst credentials, please email info@stock-callers.com .
Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the
document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information
which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not
performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only
independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to
veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or
reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or
the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this
document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss
arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or
liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document.
Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing
of the information, or (2) warrant any results from use of the information. The included information is subject to change without
notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities
mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers
in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with
any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a
company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA