Breakfast Technical Briefing on Banking Stocks -- Bank of America, ICICI Bank, JPMorgan Chase, and Wells Fargo
NEW YORK, September 8, 2017 /PRNewswire/ --
If you want a Stock Review on BAC, IBN, JPM, or WFC then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com has issued research reports on Bank of America Corp. (NYSE: BAC), ICICI Bank Ltd (NYSE: IBN), JPMorgan Chase & Co. (NYSE: JPM), and Wells Fargo & Co. (NYSE: WFC). Money Center Banking companies are similar in structure to a common bank, but their borrowing and lending activities are with governments, large corporations, and regular banks. These types of financial institutions do not borrow from or lend to consumers. Daily Stock Tracker published free research reports on these stocks today at:
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Bank of America
North Carolina-based Bank of America Corp.'s shares declined 1.88%, closing Thursday's trading session at $22.97. The stock recorded a trading volume of 103.05 million shares, which was above its three months average volume of 69.76 million shares. The Company's shares have advanced 3.94% since the start of this year. The stock is trading 1.99% below its 200-day moving average. Additionally, shares of the Company, 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 35.40.
On August 10th, 2017, research firm Wells Fargo resumed its 'Outperform' rating on the Company's stock, with a target price of $30 per share.
On September 01st, 2017, Bank of America announced that mobile financial centers and mobile ATMs have been sent to the greater Houston area to supplement local financial centers that continue to reopen in the region impacted by Hurricane Harvey and its aftermath. As of that date, 48 of the bank's 100-plus area financial centers have reopened, and additional centers will open to assist customers. See our free and comprehensive research report on BAC at:
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ICICI Bank
On Thursday, shares in India-based ICICI Bank Ltd recorded a trading volume of 3.79 million shares. The stock ended the day flat at $9.19. The Company's shares have advanced 0.22% in the past month, 2.21% in the previous three months, and 34.97% on an YTD basis. The stock is trading above its 200-day moving average by 13.33%. Furthermore, shares of ICICI Bank, which together with its subsidiaries, provide banking and financial services, have an RSI of 49.32.
On September 05th, 2017, ICICI Bank announced that it filed its annual report in Form 20-F for the year ended March 31st, 2017 on July 31st, 2017, as required by US securities regulations. The Form 20-F annual report includes the Bank's consolidated financial statements under Indian GAAP and a reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders' equity under US GAAP, approved by the Audit Committee of the Board. IBN free research report is just a click away at:
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JPMorgan Chase
New York headquartered JPMorgan Chase & Co.'s stock finished the day 1.75% lower at $88.53. A total volume of 14.49 million shares was traded, which was above their three months average volume of 13.19 million shares. The Company's shares have advanced 4.21% in the previous three months and 2.60% on an YTD basis. The stock is trading above its 200-day moving average by 0.85%. Additionally, shares of JPMorgan Chase, which operates as a financial services company worldwide, have an RSI of 34.15.
On August 10th, 2017, research firm Wells Fargo resumed its 'Outperform' rating on the Company's stock, with a target price of $110 per share.
On August 10th, 2017, JPMorgan Chase announced that it will hold an Investor Day on February 27th, 2018, in New York City with presentations given by Jamie Dimon, Chairman and CEO, and members of executive management. A live audio webcast, including presentation slides, will be posted under the Investor Relations section of the Company's website on the day of the event. Sign up for your complimentary report on JPM at:
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Wells Fargo
Shares in California headquartered Wells Fargo & Co. ended yesterday's session 0.40% lower at $49.68. The stock recorded a trading volume of 23.33 million shares, which was above its three months average volume of 17.68 million shares. The Company's shares are trading 7.03% below their 50-day moving average. Moreover, shares of Wells Fargo have an RSI of 21.95.
On September 05th, 2017, Wells Fargo Real Estate Investment Corporation, an indirect subsidiary of Wells Fargo, announced that its board of directors has declared a quarterly dividend on the Company's 6.375% cumulative perpetual preferred stock, Series A. The dividend is equal to $0.3984375 per share of Series A preferred stock. It is payable on October 02nd, 2017, to holders of record as of the close of business on September 15th, 2017. Sign up for your complimentary report on WFC at:
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