Finance

Financial Sector Most Active: Bank of America (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo (NYSE:WFC), Regions Financial (NYSE:RF)

Bank of America (NYSE:BAC) was downgraded by Atlantic Securities from an “overweight” rating to a “neutral” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. Bank of America Corp (NYSE:BAC) stock performance was -1.08% in last session and finished the day at $17.37. Traded volume was 118,100,416 million shares in the last session and the average volume of the stock remained 109.13 million shares. The beta of the stock remained 1.85. Bank of America Corp (NYSE:BAC) insider ownership is 0.03%.

JPMorgan Chase & Co. (NYSE:JPM) announced last September that it had decreased its minimum down payment on mortgages made in Florida for primary residences to 5 percent from 10 percent and down to 10 percent from 20 percent for second homes. JPMorgan Chase & Co. (NYSE:JPM) rose 1.50 percent to $61.07 yesterday on volume of 25.81million shares. The intra-day range of the stock was $60.35 to $61.19. JPMorgan Chase & Co. (NYSE:JPM) has a market capitalization of $231.26 billion.

Wells Fargo & Co. (NYSE:WFC) was upgraded by analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday,TheFlyOnTheWall.com reports. Wells Fargo & Co (NYSE:WFC)’s stock on Mar 24, 2014 reported a decrease of -0.29% to the closing price of $48.98. Its fifty two weeks range is $36.19 -$49.97. The total market capitalization recorded $257.73 billion. The overall volume in the last trading session was 19,625,136 million shares. In its share capital, Wells Fargo & Co (NYSE:WFC) has 5.27 billion outstanding shares.

Regions Financial Corp. (NYSE:RF) had its neutral rating reaffirmed by analysts at Zacks. They currently have a $11.50 target price on the stock. Zacks’ analyst wrote, “Regions Financial’s fourth-quarter 2013 adjusted earnings came ahead of the Zacks Consensus Estimate and the prior-year quarter figure. On Monday, shares of Regions Financial Corporation (NYSE:RF) dropped -0.18% to close the day at $11.07. Company return on investment (ROI) is 13.30% and its monthly performance is recorded as 8.42%. Regions Financial Corporation (NYSE:RF) quarterly revenue growth is 15.79%.