Diversified Banks Equities Technical Briefing -- Bank of America, US Bancorp., Wells Fargo, JPMorgan Chase, and Citigroup

LONDON, August 11, 2014 /PRNewswire/ --

The trading session on Friday, August 08, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,553.93, up 1.13% and the NASDAQ Composite closed at 4,370.90, up 0.83%. The S&P 500 finished the day 1.15% higher at 1,931.59. The gains were broad based as all the ten sectors finished on a positive note. The S&P 500 Financials Sector Index finished the day at 301.01, up 0.97%, and the index has advanced 2.01% in the previous three months. Investor-Edge has initiated coverage on the following equities: Bank of America Corp. (NYSE: BAC), US Bancorp. (NYSE: USB), Wells Fargo and Co. (NYSE: WFC), JPMorgan Chase and Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C). Free research on these five companies can be accessed at:  

http://investor-edge.com/register

Shares in Bank of America Corp. edged 0.53% higher on Friday, closing the session at an intra-day high of $15.20. A total of 54.50 million shares were traded, which was below its three months average volume of 66.17 million shares. The stock moved between $14.99 and $15.20 during the session. Bank of America Corp.'s stock has advanced 1.33% in the previous three trading sessions, while the stock has lost 2.56% in the last one month and 2.38% from the beginning of 2014. The company is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $15.47 is below its 200-day moving average of $15.80. Furthermore, Bank of America Corp.'s stock traded at a PE ratio of 9.89 and has a Relative Strength Index (RSI) of 45.79. Sign up and read the free notes on BAC at:

http://www.Investor-Edge.com/BAC-11Aug2014

US Bancorp's stock advanced 1.23% on Friday, closing the day at $41.18. The stock recorded a trading volume of 6.07 million shares, near its three months average volume of 6.20 million shares. The stock oscillated between $40.68 and $41.20 during the session. Shares of the company traded at a PE ratio of 13.59. Shares in US Bancorp have gained 0.02% in the previous three trading sessions and 1.93% since the start of this year, although, the shares have declined 5.07% in the last one month. US Bancorp's shares are trading below their 50-day moving average. The stock's 50-day moving average of $42.71 is above its 200-day moving average of $40.95. Moreover, US Bancorp's stock has an RSI of 38.87. The complimentary notes on USB can be downloaded as in PDF format at:

http://www.Investor-Edge.com/USB-11Aug2014

On Friday, shares in Wells Fargo and Co. fluctuated between $49.47 and $50.04 before ending the session 0.60% higher at $50.00. The stock reported a trading volume of 14.56 million shares, which was near its three months average volume of 14.58 million shares. Over the previous three trading sessions and in the last one month, Wells Fargo and Co.'s stock has declined 0.79% and 4.20%, respectively. However, the stock has gained 10.13% on YTD basis. The company's stock is trading below its 50-day moving average. The stock's 50-day moving average of $51.66 is above its 200-day moving average of $47.73. Additionally, Wells Fargo and Co.'s shares traded at a PE ratio of 12.35 and have an RSI of 38.61. Register for free on Investor-Edge and access the latest research on WFC at:

http://www.Investor-Edge.com/WFC-11Aug2014

JPMorgan Chase and Co.'s stock recorded a trading volume of 12.21 million shares, below its three months average volume of 13.69 million shares. On Friday, the stock finished the day at $56.34, which was 0.77% higher its previous day's closing of $55.91, and registered an intraday range of $55.64 and $56.36. Shares of the company traded at a PE ratio of 9.12. Shares in JPMorgan Chase and Co. have advanced 0.50% in the previous three trading sessions and 0.57% in the last one month, although, the company's shares have lost 3.66% on YTD basis. Shares in JPMorgan Chase and Co. are trading below their 50-day and 200-day moving averages of $57.24 and $56.69, respectively. Further, the stock has an RSI of 42.15. The complete research on JPM is available for free at:

http://www.Investor-Edge.com/JPM-11Aug2014

Shares in Citigroup Inc. fluctuated between $47.78 and $48.50 before ending the session 0.81% higher at $48.45. The stock reported a trading volume of 12.00 million shares, below its three months average volume of 16.20 million shares. Shares of the company traded at a PE ratio of 9.35. Over the previous three trading sessions and in the last one month, Citigroup Inc.'s stock has gained 1.17% and 2.26%, respectively. However, the stock has lost 7.02% on YTD basis. The shares are trading above its 50-day moving average. The stock's 50-day moving average of $48.38 is below its 200-day moving average of $49.23.  Furthermore, Citigroup Inc.'s shares have an RSI of 48.32. Free in depth research on C is available at:

http://www.Investor-Edge.com/C-11Aug2014

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