NEW YORK, NY / ACCESSWIRE / January 17, 2019 / Despite concerns of a partial government shutdown, U.S. markets extended gains for the second consecutive session on Wednesday on strong earnings from Bank of America Corp. and Goldman Sachs Group. The financial sector was the largest gainer with a 2.2 percent gain on Wednesday. The Dow Jones Industrial Average surged 0.59 percent to close at 24,207.16, while the S&P 500 Index rose 0.22 percent to close at 2,616.10. The Nasdaq Composite Index gained 0.15 percent to close at 7,034.69.
“The market is where it should be,” Bob Doll, senior equity strategist
The Market Edge Initiates Coverage on:
Bank of America Corporation
have traded in a range of 22.66 - 33.05. The share price has gained 25.55% 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 $25.55 is below its 200-day moving average of $28.56. Shares of the company are trading at a Price to Earnings ratio of 13.57. Shares of Bank of America have gained roughly 16.26 percent in the past month and are up 15.46 percent year-to-date." data-reactid="16">Bank of America’s stock jumped 7.16% Wednesday, to close the day at $28.45. The stock recorded a trading volume of 163,131,700 shares, which was above its three months average volume of 73,770,520 shares. In the last year, Bank of America’s shares
Access The Market Edge's Bank of America Corporation Research Report:
week high with a
Access The Market Edge's Citigroup Inc. Research Report:
The Market Edge
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
The Market Edge has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered
For any questions, inquiries, or comments reach out to us directly at:
The Market Edge, Unit #901 511 Avenue of the Americas, New York, NY, 10011
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: The Market Edge
Source : https://finance.yahoo.com/news/todays-research-reports-trending-tickers-125000332.htmlTerima Kasih for visit my website