Financial Stocks Worth Chasing: Bank of America Corporation (BAC), Citigroup Inc. (C)

Bank of America Corporation (BAC) ended last trading session with a change of -0.04 percent. It trades at an average volume of 96.91M shares versus 56.35M shares recorded at the end of last trading session. The share price of $25.3 is at a distance of 112.36 percent from its 52-week low and down -1.94 percent versus its peak. The company has a market cap of $254.04B and currently has 10.04B shares outstanding. The share price is currently 2.53 percent versus its SMA20, 7.66 percent versus its SMA50, and 39.92 percent versus its SMA200. The stock has a weekly performance of 0.2 percent and is 14.83 percent year-to-date as of the recent close.

February 22, 2017 — Bank of America Corporation (BAC) Owners of Hispanic small businesses are incredibly optimistic about the year to come – much more so than their non-Hispanic counterparts. According to the inaugural Bank of America Hispanic Small Business Owner Spotlight, they are significantly more hopeful about revenue and hiring plans in 2017 – which, as the fastest-growing segment of the small business sector, further cements their role as a critical driver of local economies and growth.

Citigroup Inc. (C) recently recorded 0.07 percent change and currently at $61.53 is 62.19 percent away from its 52-week low and down -1.6 percent versus its peak. It has a past 5-day performance of 2.07 percent and trades at an average volume of 19.29M shares. The stock has a 1-month performance of 7.46 percent and is 3.83 percent year-to-date as of the recent close. There were about 2.77B shares outstanding which made its market cap $170.65B. The share price is currently 1.98 percent versus its SMA20, 4.38 percent versus its SMA50, and 20.96 percent versus its SMA200.

March 7, 2017 — Citigroup Inc. (C) acting through Citibank N.A., has been appointed by Randgold Resources Limited (“Randgold”), one of the world’s leading mining companies, as successor depositary bank for its American Depositary Receipt (ADR) programme, which trades on the NASDAQ under the symbol “GOLD”. Each ordinary share represents 1 ADR. Randgold’s underlying ordinary shares are listed and trade on the London Stock Exchange under the symbol “RRS”.

“Citi is delighted to be appointed by Randgold Resources as successor depositary bank for its ADR programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with Randgold leveraging our global equity distribution network and providing best-in-class service to the company’s existing ADR holders.”