Yahoo Finance Today's Research Reports on Trending Tickers: Bank of America and Citigroup
NEW YORK, NY / ACCESSWIRE / October 17, 2017 / All three major indexes notched record closes on Monday setting a positive tone for an important week of corporate earnings. The Dow Jones Industrial Average gained 0.37 percent to close at 22,956.96, while the S&P 500 Index rose 0.18 percent to close at 2,557.64. The NASDAQ Composite Index rose 0.28 percent to close at 6,624.00. American Express Co., General Electric Co., Goldman Sachs Group Inc., International Business Machines Corp., Johnson & Johnson, Procter & Gamble Co., Travelers Companies Inc., UnitedHealth Group Inc. and Verizon Communications Inc., which combined represent roughly a third of the weighting in the Dow Jones Industrial Average, are scheduled to report earnings this week.
"This week is important because you've got companies from almost each sector reporting, so you're going to get a good picture" of Corporate America's health, said Quincy Krosby, Chief Market Strategist at Prudential Financial.
RDI Initiates Coverage on:
Bank of America Corporation
https://rdinvesting.com/news/?ticker=BAC
Citigroup Inc.
https://rdinvesting.com/news/?ticker=C
Bank of America Corporation's stock moved 1.59% higher Monday, to close the day at $26.24. The stock recorded a trading volume of 71,927,178 shares, which was above its three months average volume of 65,856,700 shares. In the last year, Bank of America Corporation's shares have traded in a range of 15.90 - 26.33. The share price has gained 65.03% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $24.73 is greater than its 200-day moving average of $23.94. Shares of the company are trading at a Price to Earnings ratio of 17.49. Shares of Bank of America have gained approximately 18.73 percent year-to-date.
Access RDI's Bank of America Corporation Research Report at:
https://rdinvesting.com/news/?ticker=BAC
On Monday, shares in Citigroup Inc. recorded a trading volume of 21,169,163 shares, which was above the three months average volume of 16,157,400 shares. The stock ended the day 0.47% lower at 71.77. The share price has gained 50.46% from its 52-week low with a 52-week trading range of 47.70 - 76.14.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $70.88 is greater than its 200-day moving average of $65.42. Shares of Citigroup Inc. are trading at a Price to Earnings ratio of 14.30. Shares of Citigroup have gained approximately 20.76 percent year-to-date.
Access RDI's Citigroup Inc. Research Report at:
https://rdinvesting.com/news/?ticker=C
Our Actionable Research on Bank of America Corporation (NYSE:BAC) and Citigroup Inc. (NYSE:C) can be downloaded free of charge at Research Driven Investing.
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