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Research Reports on Banking Equities -- Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase


PR Newswire

NEW YORK, April 28, 2017 /PRNewswire/ --

Today, issued these research reports on Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE: WFC), and JPMorgan Chase & Co. (NYSE: JPM). These equities belong to the Money Center Banks industry, which comprises banks that are similar in structure to common banks. However, these financial institutions' borrowing and lending activities are with governments, large corporations, and regular banks. Learn more about these stocks by accessing their free research reports at:

Bank of America

Charlotte, North Carolina-based Bank of America Corp.'s shares saw a decline of 1.00%, finishing Thursday's trading session at $23.65. A total volume of 79.90 million shares was traded. In the last month and the previous three months, the stock has advanced 0.72% and 1.20%, respectively. Additionally, the Company's shares have gained 7.34% since the start of this year. The stock is trading above its 200-day moving average by 20.19%. Moreover, 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 53.39.

On April 12 th, 2017, Bank of America revealed in its second annual Homebuyer Insights Report that millennials, who have taken the plunge into homeownership, are buying the house they can afford now and looking ahead to their ideal home in the future. A large majority, or 68%, of millennial homeowners say that their current home is a "stepping stone" to their forever home.

On April 24 th, 2017, research firm Berenberg downgraded the Company's stock rating from 'Buy' to 'Hold'. Free research report on BAC is available at:


On Thursday, shares in New York-based Citigroup Inc. recorded a trading volume of 14.02 million shares, and ended the session 1.18% lower at $59.39. The stock has gained 3.84% over the previous three months and 0.22% on an YTD basis. The Company's shares are trading 11.05% above their 200-day moving average. Furthermore, shares of Citigroup, which provides various financial products and services for consumers, corporations, governments, and institutions worldwide, have an RSI of 51.50.

On April 05 th, 2017, research firm Keefe Bruyette upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.

On April 25 th, 2017, Citigroup announced that its Issuer Services business, acting through Citibank, N.A., has been appointed by Azul S.A. as the depositary bank for its Level 3 American Depositary Receipt (ADR) program. The ADR program was established through a $643.5-million initial public offering, originally priced at $20.06 per ADR. The ADRs are listed on the NYSE under the symbol "AZUL." The complimentary research report on C can be downloaded at:

Wells Fargo

Shares in San Francisco, California headquartered Wells Fargo & Co. closed at $54.44, slightly down 0.18% from the last trading session. The stock recorded a trading volume of 13.96 million shares. The Company's shares are trading 5.74% above their 200-day moving average. Additionally, shares of Wells Fargo, which provides retail, commercial, and corporate banking services to individuals, businesses, and institutions, have an RSI of 49.09.

On April 10 th, 2017, research firm Piper Jaffray upgraded the Company's stock rating from 'Underweight' to 'Neutral'.

On April 25 th, 2017, Wells Fargo announced a quarterly common stock dividend of $0.38 per share. The dividend is payable June 01 st, 2017 to stockholders of record on May 05 th, 2017, as approved by the Bank's board of directors. Wells Fargo has approximately 5.0 billion shares outstanding. Visit us today and access our complete research report on WFC at:

JPMorgan Chase

New York headquartered JPMorgan Chase & Co.'s stock ended 0.93% lower at $87.61 with a total trading volume of 13.32 million shares. The Company's shares have advanced 1.57% over the previous three months and 2.68% on an YTD basis. The stock is trading above its 200-day moving average by 13.85%. Furthermore, shares of JPMorgan Chase, which operates as a financial services company worldwide, have an RSI of 52.88.

On April 25 th, 2017, research firm Guggenheim upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On April 26 th, 2017, JPMorgan Chase released its annual Corporate Responsibility report, highlighting the firm's model for impact, which combines business and philanthropic resources to drive inclusive economic growth. The report features the firm's $100 million investment in Detroit's economic recovery, which is its most comprehensive initiative to date, as a proof of concept for how the firm's model can effectively make a meaningful impact in communities around the world. Get free access to your research report on JPM at:


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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 . 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.


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