Today's Research Reports on Trending Tickers: Bank of America Corporation and Citigroup Inc.

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Accesswire 19-Jul-2017 8:00 AM
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NEW YORK, NY / ACCESSWIRE / July 19, 2017 / U.S. markets were mixed Tuesday as a disappointing performance from bank stocks continued to overshadow solid earnings. The Dow Jones Industrial Average declined 0.25 percent to close at 21,574.73, while the S&P 500 Index eked out a gain of 0.01 percent to close at 2,460.61. The NASDAQ Composite Index gained 0.47 percent to close at 6,344.31. Investors will be paying a close attention to earnings this season as the first quarter saw the S&P 500 post the best earnings since 2011, according to Thomson Reuters I/B/E/S. Analysts' predict earnings for S&P 500 companies are expected to grow by 8.2 percent year-over-year in the second quarter.
"The market is responding to earnings releases this week, but the bigger picture remains positive: low inflation, low-interest rates, a weaker dollar and a benign economic environment all bode well for stocks," said Maris Ogg, president at Tower Bridge Advisors.
RDI Initiates Coverage on:
Bank of America Corporation https://ub.rdinvesting.com/news/?ticker=BAC
Citigroup Inc. https://ub.rdinvesting.com/news/?ticker=C
Bank of America Corporation's stock edged 0.50% lower Tuesday, to close the day at $23.90. The stock recorded a trading volume of 107,981,434 shares, which was above its three months average volume of 82,774,096 shares. In the last year, Bank of America Corporation's shares has traded in a range of 13.52 - 25.80. The share price has gained 76.78% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $23.26 is below its 200-day moving average of $23.42. Shares of the company are trading at a Price to Earnings ratio of 14.71. Shares of Bank of America Corporation have gained approximately 8.14 percent year-to-date.
Access RDI's Bank of America Corporation Research Report at: https://ub.rdinvesting.com/news/?ticker=BAC
On Tuesday, shares in Citigroup Inc. recorded a trading volume of 15,965,929 shares, which was below the three months average volume of 16,804,800 shares. The stock ended the day 0.09% higher at 66.89. The share price has gained 57.39% from its 52 week low with a 52 week trading range of 42.50 - 68.91.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $62.66 is greater than its 200-day moving average of $60.18. Shares of the company are trading at a Price to Earnings ratio of 13.48. Shares of Citigroup Inc. have gained approximately 12.55 percent year-to-date.
Access RDI's Citigroup Inc. Research Report at: https://ub.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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