The City of Los Angeles has sued JPMorgan Chase & Co., accusing the largest U.S. bank of engaging in discriminatory mortgage lending practices that drove up foreclosures among minority borrowers. Los Angeles in December filed similar lawsuits against Bank of America Corp. (NYSE:BAC), Citigroup Inc. and Wells Fargo & Co., the next three largest U.S. banks. Wells Fargo on Wednesday lost its bid to dismiss its lawsuit. Cook County, Illinois, which encompasses Chicago, has filed similar lawsuits against Bank of America and HSBC Holdings Plc, while Providence, Rhode Island on Thursday sued a unit of Spain’s Banco Santander SA. Bank of America Corp (NYSE:BAC) stock performance was -0.07% in last session and finished the day at $15.14. Traded volume was 45.79million shares in the last session and the average volume of the stock remained 96.64million shares. The beta of the stock remained 1.74. Bank of America Corp (NYSE:BAC) insider ownership is 0.03%.

The city of Los Angeles accused JPMorgan Chase & Co. of targeting minority borrowers with predatory loans in a lawsuit filed two days after Wells Fargo & Co. (NYSE:WFC) lost a court bid to dismiss a similar case. Wells Fargo & Co (NYSE:WFC) rose 1.01 percent to $50.78 Friday on volume of 15.49million shares. The intra-day range of the stock was $50.32 to $50.82. Wells Fargo & Co (NYSE:WFC) has a market capitalization of $267.46billion.

For those attempting to supplement income, or investors that just plain love dividends, Annaly Capital Management, Inc. (NYSE:NLY)’s double digit yields are extremely attractive. Over the past year, compared to similar companies, Company’s stock has under-performed, management has blamed the Federal Reverse for short-comings, and several high-level executives have fled the company. Annaly Capital Management, Inc. (NYSE:NLY)’s stock on May 30, 2014 reported a increase of 0.77% to the closing price of $11.79. Its fifty two weeks range is $9.66 -$14.19. The total market capitalization recorded $11.17billion. The overall volume in the last trading session was 15.36million shares. In its share capital, NLY has 947.50million outstanding shares.

Zacks lowered shares of Gramercy Property Trust Inc (NYSE:GPT) to a neutral rating in a report released on Thursday. Zacks currently has $6.10 price objective on the stock. On Friday, shares of Gramercy Property Trust Inc (NYSE:GPT) advanced 0.69% to close the day at $5.87. Company return on investment (ROI) is -2.40% and its monthly performance is recorded as 12.45%. Gramercy Property Trust Inc (NYSE:GPT) quarterly revenue growth is 1.91%.

Los Angeles has taken legal action against JP Morgan Chase & Co. (NYSE:JPM), saying the US bank pushed minorities into higher-risk loans they couldn’t afford, helping trigger the foreclosure crisis. JPMorgan Chase & Co. (NYSE:JPM) stock performance was -0.27% in last session and finished the day at $55.57. Traded volume was 11.99million shares in the last session and the average volume of the stock remained 18.35million shares. The beta of the stock remained 1.64. JPMorgan Chase & Co. (NYSE:JPM) insider ownership is 0.10%.