JP Morgan and Bank of America are Syndicating Loans Like Crazy

Despite popular belief that bank loans are getting harder to come by, data for syndicated loans from Dealogic says volume has jumped 56% in 2011 to $1.76T in the U.S., the highest since 2007, while global volume is up 27% to $3.74T. The two biggest players have been JPMorgan (NYSE:JPM) and BofA (NYSE:BAC).

Q4 activity saw a low total of $354.5 billion, the lowest since the $246.6 billion in the third quarter of 2010, according to Dealogic.

Here’s how the top players are trading now:

JPMorgan Chase & Co. (NYSE:JPM): JPM shares recently traded at $32.06, down $0.15, or 0.47%. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 21,621,691 shares versus a 3-month average volume of 46,900,700 shares. The company’s trailing P/E is 6.83, while trailing earnings are $4.69 per share. Get the most recent company news and stock data here >>

Bank of America Corporation (NYSE:BAC): BAC shares recently traded at $5.14, down $0.03, or 0.58%. They have traded in a 52-week range of $4.92 to $15.31. Volume today was 114,059,255 shares versus a 3-month average volume of 274,750,000 shares. The company’s trailing earnings are $-0.31 per share. Get the most recent company news and stock data here >>

Citigroup, Inc. (NYSE:C): C shares recently traded at $25.87, down $0.08, or 0.31%. They have traded in a 52-week range of $21.40 to $51.50. Volume today was 26,741,318 shares versus a 3-month average volume of 60,516,200 shares. The company’s trailing P/E is 6.90, while trailing earnings are $3.75 per share. Get the most recent company news and stock data here >>