Today’s Research Reports On Trending Tickers: Goldman Sachs And Bank Of America

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 and portfolio manager at Nuveen, told MarketWatch. “Earnings so far have been mixed, but skewing positive,” he said, adding that management commentary has been “fairly optimistic so far.”

The Market Edge Initiates Coverage on:

Bank of America Corporation

>https://marketedgereport.com/report/BAC/

Citigroup Inc.

>https://marketedgereport.com/report/C/

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 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.

>https://marketedgereport.com/report/BAC/" data-reactid="17">

Access The Market Edge's Bank of America Corporation Research Report:

>https://marketedgereport.com/report/BAC/

week high with a 52 week trading range of 48.42 - 80.70. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $56.82 is below its 200-day moving average of $66.21. Shares of Citigroup have gained roughly 14.64 percent in the past month and are up 19.46 percent year-to-date." data-reactid="18">On Wednesday, shares of Citigroup recorded a trading volume of 27,628,897 shares, which was above the three months average volume of 21,772,671 shares. The stock ended the day 1.32% higher at $62.19. The share price has fallen 22.94% from its 52 week high with a 52 week trading range of 48.42 - 80.70. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $56.82 is below its 200-day moving average of $66.21. Shares of Citigroup have gained roughly 14.64 percent in the past month and are up 19.46 percent year-to-date.

>https://marketedgereport.com/report/C/" data-reactid="19">

Access The Market Edge's Citigroup Inc. Research Report:

>https://marketedgereport.com/report/C/

Our Actionable Research on Bank of America Corporation (NYSE:BAC) and Citigroup Inc. (NYSE:C) can be downloaded free of charge at The Market Edge.

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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 broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: The Market Edge

Source : https://finance.yahoo.com/news/todays-research-reports-trending-tickers-125000332.html

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