DJIA Financial Stocks Winning Big
The Dow Jones Industrial Average (NYSEARCA:DIA) is up today by 2.49% and stands at 11,512. The large stocks below are among the positive performers today.
Bank of America (NYSE:BAC): Banks on both sides of the Atlantic are up as a result of new plans to neutralize the Eurozone debt crisis. There is only one problem: nobody knows if it will work. BAC shares recently traded at $5.32, up $0.15, or 2.9%. They have traded in a 52-week range of $5.12 to $15.31. Volume today was 138,259,645 shares versus a 3-month average volume of 267,795,000 shares. The company’s trailing earnings are $-0.31 per share.
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JPMorgan Chase (NYSE:JPM) China’s long, slow but definite economic liberalization continues with a relaxing of its currency controls. JPMorgan and Chase is a beneficiary, as it is being allowed to create a $1 billion renmimbi fund that will be allowed to bypass foreign exchange controls. JPMorgan and Chase is up with other bank stocks. JPM shares recently traded at $29.57, up $1.09, or 3.83%. They have traded in a 52-week range of $29.45 to $48.36. Volume today was 20,594,961 shares versus a 3-month average volume of 30,053,600 shares. The company’s trailing P/E is 6.30, while trailing earnings are $4.69 per share.
General Electric (NYSE:GE): An examination of GE’s stock history reveals that the behemoth remains well below its late-2007 highs. However, new optimism about the American economy is propelling GE higher. GE shares recently traded at $15.11, up $0.41, or 2.79%. They have traded in a 52-week range of $14.02 to $21.65. Volume today was 23,962,376 shares versus a 3-month average volume of 69,360,900 shares. The company’s trailing P/E is 11.56, while trailing earnings are $1.31 per share.