Yahoo Finance Today's Research Reports on Trending Tickers: Bank of America and Citigroup
NEW YORK, NY / ACCESSWIRE / December 17, 2018 / U.S. markets slumped on Friday as bank shares dragged equities lower amidst concerns about global economic slowdown after China’s industrial and sales growth report fell short of expectations. The Dow Jones Industrial Average dropped 2.02 percent to close at 24,100.51, while the S&P 500 Index fell 1.91 percent to close at 2,599.95. The Nasdaq Composite Index plunged 2.26 percent to close at 6,910.67.
“Indeed, investors are right to be worried about global growth as China economy continues to sputter,” said OANDA’s Asia Pacific head of trading, Stephen Innes. “The data lend support to the market’s view that things will get worse in China before they get better, this despite investment rising,” Innes added.
The Market Edge Initiates Coverage on:
Bank of America Corporation
https://marketedgereport.com/report/BAC/
Citigroup Inc.
https://marketedgereport.com/report/C/
Bank of America’s stock moved 0.33% higher Friday, to close the day at $24.48. The stock recorded a trading volume of 92,762,595 shares, which was above its three months average volume of 68,550,278 shares. In the last year, Bank of America’s shares have traded in a range of 24.12 - 33.05. The share price has gained 1.49% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $27.21 is below its 200-day moving average of $29.21. Shares of the company are trading at a Price to Earnings ratio of 11.68. Shares of Bank of America have fallen roughly 11.78 percent in the past month and are down 17.07 percent year-to-date.
Access The Market Edge's Bank of America Corporation Research Report:
https://marketedgereport.com/report/BAC/
On Friday, shares of Citigroup recorded a trading volume of 22,839,309 shares, which was above the three months average volume of 18,493,856 shares. The stock ended the day 1.34% lower at $55.02. The share price has fallen 31.82% from its 52 week high with a 52 week trading range of 54.63 - 80.70. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $63.21 is below its 200-day moving average of $68.08. Shares of Citigroup have fallen roughly 15.29 percent in the past month and are down 26.06 percent year-to-date.
Access The Market Edge's Citigroup Inc. Research Report:
https://marketedgereport.com/report/C/
Our Actionable Research on Bank of America Corporation (NYSE:BAC) and Citigroup Inc. (NYSE:C) can be downloaded free of charge at The Market Edge.
The Market Edge
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
The Market Edge has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
The Market Edge, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: MarketEdgeReport
