Finance

Financial Sector Most Active: Bank of America (NYSE:BAC), Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC), KeyCorp (NYSE:KEY)

Today a  number of U.S. lenders, including Bank of America Corporation (NYSE:BAC), Chase (NYSE:JPM), Citi Mortgage (NYSE:C) amongst others, lowered mortgage rates on some of their home purchase and refinance loans. Bank of America Corp (NYSE:BAC) stock performance was -0.17% in last session and finished the day at $17.18. Traded volume was 97.57million shares in the last session and the average volume of the stock remained 111.53million shares. The beta of the stock remained 2.25. Bank of America Corp (NYSE:BAC) insider ownership is 0.03%.

Citigroup Inc (NYSE:C) failed to get Federal Reserve approval to reward investors with higher dividends and stock buybacks, a surprising blow to Chief Executive Michael Corbat’s effort to bolster the bank’s reputation following a 2008 government rescue. Citigroup Inc (NYSE:C) dropped -0.28 percent to $50.16 Wednesday on volume of 36.78million shares. The intra-day range of the stock was $49.67 to $50.58. Citigroup Inc (NYSE:C) has a market capitalization of $152.41billion.

Analysts at Wells Fargo & Co. (NYSE:WFC) downgraded shares of Midstates Petroleum Company from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 20th. Wells Fargo & Co (NYSE:WFC)’s stock on Mar 26, 2014 reported a decrease of -0.94% to the closing price of $48.50. Its fifty two weeks range is $36.19 -$49.97. The total market capitalization recorded $255.20billion. The overall volume in the last trading session was 17.40million shares. In its share capital, WFC has 5.27billion outstanding shares.

KeyCorp (NYSE:KEY) was approved for a common share repurchase program of up to $542 million , as well as raising its quarterly common share dividend from $0.055 per share up to $0.065 per share. KeyCorp (NYSE:KEY) said that its board will consider the potential dividend increase in May. On Wednesday, shares of KeyCorp (NYSE:KEY) dropped -1.32% to close the day at $14.21. Company return on investment (ROI) is 10.90% and its monthly performance is recorded as 10.58%. KeyCorp (NYSE:KEY) quarterly revenue growth is 6.04%.