Today's Research Reports on Trending Tickers: Citigroup and Bank of America
NEW YORK, NY / ACCESSWIRE / October 23, 2018 / Major U.S. equities finished lower Monday on a combination of rising interest rates and global growth concerns. Investors await a flood of corporate earnings this week as over 150 companies are scheduled to release earnings. The Dow Jones Industrial Average dropped 0.5 percent to close at 25,317.41, while the S&P 500 Index declined 0.43 percent to close at 2,755.88. The Nasdaq Composite Index gained 0.26 percent to close at 7,468.63.
"You need the market to calm down for investors to jump back in," according to Jeremy Klein, the chief market strategist at FBN Securities. "Hopefully, earnings will help with that," Klein added.
RDI Initiates Coverage on:
Citigroup Inc.
https://rdinvesting.com/news/?ticker=C
Bank of America Corporation
https://rdinvesting.com/news/?ticker=BAC
Citigroup's stock moved 3.3% lower Monday, to close the day at $66.59. The stock recorded a trading volume of 17,890,869 shares, which was above its three months average volume of 14,511,125 shares. In the last year, Citigroup's shares have traded in a range of 64.38 - 80.70. The share price has gained 3.43% 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 $71.24 is above its 200-day moving average of $69.89. Shares of Citigroup have fallen roughly 10.20 percent in the past month and are down 10.51 percent year-to-date.
Access RDI's Citigroup Inc. Research Report at:
https://rdinvesting.com/news/?ticker=C
On Monday, shares of Bank of America recorded a trading volume of 89,942,875 shares, which was above the three months average volume of 57,023,237 shares. The stock ended the day 3.32% lower at $27.38. The share price has fallen 17.16% from its 52 week high with a 52 week trading range of 25.81 - 33.05. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $29.98 is below its 200-day moving average of $30.05. Shares of the company are trading at a Price to Earnings ratio of 13.06. Shares of Bank of America have fallen roughly 11.76 percent in the past month and are down 7.25 percent year-to-date.
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.
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SOURCE: RDInvesting.com
