Financial Sector Active Stocks: Bank of America (NYSE:BAC), Citigroup Inc (NYSE:C), Wells Fargo (NYSE:WFC), JPMorgan Chase (NYSE:JPM)
Bank of America Corp (NYSE:BAC) dipped Friday, one day after CLSA analyst Mike Mayo slashed his full-year 2014 earnings per share estimates on the bank to 55 cents from $1. Mayo doubted Bank of America has put aside enough money for a possible settlement with the U.S. Justice Department regarding mortgage-backed securities. He believes the bank has $2.4 billion for a settlement, but it could … Continue reading Financial Sector Active Stocks: Bank of America (NYSE:BAC), Citigroup Inc (NYSE:C), Wells Fargo (NYSE:WFC), JPMorgan Chase (NYSE:JPM)