Bank Stocks Defy Fears from Italy

In spite of the bad news from Italy (NYSE:EWI), major U.K. banks such as Royal Bank of Scotland (NYSE:RBS) and Barclays (NYSE:BCS)¬†are rallying strongly today, perhaps bolstered by Lloyd’s (NYSE:LYG) deal on Thursday to sell $1.75B in distressed loan assets.

Here’s how American big bank stocks closed the week:

  • The Goldman Sachs Group, Inc. (NYSE:GS): GS shares recently traded at $88.75, up $0.86, or 0.98%. Its market capitalization is $43.69 billion. They have traded in a 52-week range of $84.27 to $175.34. Volume today was 3,674,813 shares versus a 3-month average volume of 7,903,360 shares. The company’s trailing P/E is 13.50, while trailing earnings are $6.57 per share. The company pays a dividend of $1.40 per share for a dividend yield of 1.60%. About the company: The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals. Get the most recent company news and stock data here >>
  • Citigroup, Inc. (NYSE:C): C shares recently traded at $23.63, up $0.12, or 0.51%. Its market capitalization is $69.09 billion. They have traded in a 52-week range of $21.40 to $51.50. Volume today was 28,156,732 shares versus a 3-month average volume of 55,838,900 shares. The company’s trailing P/E is 6.30, while trailing earnings are $3.75 per share. The company pays a dividend of $0.04 per share for a dividend yield of 0.20%. About the company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services. Get the most recent company news and stock data here >>
  • Morgan Stanley (NYSE:MS): MS shares recently traded at $13.26, up $0.23, or 1.77%. Its market capitalization is $25.56 billion. They have traded in a 52-week range of $11.58 to $31.04. Volume today was 13,532,664 shares versus a 3-month average volume of 34,217,800 shares. The company’s trailing P/E is 8.70, while trailing earnings are $1.53 per share. The company pays a dividend of $0.20 per share for a dividend yield of 1.50%. About the company: Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business. Get the most recent company news and stock data here >>
  • Bank of America Corporation (NYSE:BAC): BAC shares recently traded at $5.17, up $0.03, or 0.58%. Its market capitalization is $52.40 billion. They have traded in a 52-week range of $5.12 to $15.31. Volume today was 138,227,640 shares versus a 3-month average volume of 286,450,000 shares. The company’s trailing earnings are $-0.31 per share. The company pays a dividend of $0.04 per share for a dividend yield of 0.80%. About the company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary. Get the most recent company news and stock data here >>
  • Wells Fargo & Company (NYSE:WFC): WFC shares recently traded at $23.51, up $0.3, or 1.29%. Its market capitalization is $123.98 billion. They have traded in a 52-week range of $22.58 to $34.25. Volume today was 14,600,905 shares versus a 3-month average volume of 41,718,800 shares. The company’s trailing P/E is 8.71, while trailing earnings are $2.70 per share. The company pays a dividend of $0.48 per share for a dividend yield of 2.00%. About the company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally. Get the most recent company news and stock data here >>

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