News Review: Bank of America Corp (NYSE:BAC), Wells Fargo & Co(NYSE:WFC)

On Thursday, Shares of Bank of America Corp (NYSE:BAC), added 4.40% and closed at $18.76 in the last trading session. The last trading range of the stock ranges between $18.25 and $18.99. The company’s Market capitalization is $200.39 Billion with the total Outstanding Shares of 10.11 billion. Bank of America Corporation, through its auxiliaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional shareholders, large corporations, and governments worldwide. It operates through five segments: Consumer Banking, Global Wealth & Investment Administration, Global Banking, Global Markets, and Legacy Assets & Servicing. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, in addition to credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through about 4,700 financial centers, 16,000 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Administration segment offers investment administration, brokerage, banking, and retirement products, in addition to wealth administration and customized solutions. The Global Banking segment provides lending products and services, counting commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury administration, foreign exchange, and short-term investing options; working capital administration solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services.

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $10.99 and reached to max level of $18.99. The EPS of company is strolling at 1.35.

Shares of Wells Fargo & Co(NYSE:WFC), jumped 7.58% and closed at $51.63 in the last trading session. The last trading range of the stock ranges between $48.79 and $51.93. The company’s Market capitalization is $273.25 Billion with the total Outstanding Shares of 5.02 billion. Wells Fargo & Company (WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With about 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s leading corporations.

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $43.55 and reached to max level of $56.26. The EPS of company is strolling at 4.03.

Leave a Reply

Your email address will not be published. Required fields are marked *