Today’s Research Reports on Stocks to Watch: Citigroup and Bank of America
NEW YORK, NY / ACCESSWIRE / December 13, 2017 / Bank of America soared to a new high yesterday despite a catalyst while shares of Citigroup also saw a modest bump in share price after revealing a new beta testing community called Canvas Designed by Citi.
RDI Initiates Coverage on:
Citigroup Inc.
https://rdinvesting.com/news/?ticker=C
Bank of America Corporation
https://rdinvesting.com/news/?ticker=BAC
Citigroup Inc. shares closed in the green up a modest 0.40% on Tuesday with about 18.3 million shares traded. The company revealed a new beta-testing community yesterday that's called Canvas Designed by Citi. The new community allows customers to co-create products and digital capabilities that can improve their financial wellness. CEO of Citi FinTech, Yolande Piazza, commented, "The customer is at the heart of everything we do and Canvas takes co-creation to the next level. This new beta-testing community is a platform for customers to test live solutions in real-world conditions that improve their financial wellness. Our goal is to help our customers reach their financial goals by delivering a holistic view of their financial lives right in the palm of their hand." Global Chief Product Officer of Citi Fintech, Carey Kolaja remarked, "This beta community is among the first of its kind to be launched by a bank and we are excited to add Canvas to our customer co-creation and open banking programs. By delivering a comprehensive view of our customers' financial lives across all their banking relationships, Canvas is designed to empower customers to test, collaborate, and influence the latest Citi ideas benefiting their financial wellness while enabling Citi to continuously test new ideas, partnerships, and business models."
Access RDI's Citigroup Inc. Research Report at:
https://rdinvesting.com/news/?ticker=C
Bank of America Corporation shares closed up 1.31% on about 76 million shares traded yesterday. Trading volume was slightly higher for the company compared to an average trading volume of 68 million. Shares even hit a new high of $29.50 during intra-day trading. There was no remarkable news yesterday from the bank to explain the move, but it was last week that Bank of America announced a few updates to its online and mobile banking platforms. Earlier in the month the bank also said that it would be buying back an additional $5 billion of its own stock. This news came just 5 months after the company announced a $12 billion repurchase. Then CEO Brian Moynihan had said in September, "Our stock's a good buy and we'll continue to buy it until the cows come home."
Access RDI's Bank of America Corporation Research Report at:
https://rdinvesting.com/news/?ticker=BAC
Our Actionable Research on Citigroup Inc. (NYSE: C) and Bank of America Corporation (NYSE: BAC) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
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.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, 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: RDInvesting.com
