Big Banks Bring the Big Guns - Research Report on Bank of America Corporation, JPMorgan Chase & Co., The Goldman Sachs Group, Inc., Wells Fargo & Company and Citigroup, Inc.

Wed Feb 20, 2013 8:02am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130220:nPn2204636


NEW YORK,  February 20, 2013  /PRNewswire/ --

Today, National Traders Association announced new research reports highlighting
Bank of America Corporation (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), The
Goldman Sachs Group, Inc. (NYSE: GS), Wells Fargo & Company (NYSE: WFC) and
Citigroup, Inc. (NYSE: C). Today's readers may access these reports free of
charge - including full price targets, industry analysis and analyst ratings -
via the links below.

Bank of America Corporation Research Report

Last week was great for Bank of America, one-fourth of the "Big Four" US banking
institutions, with its share price growing 3.03 percent to  $12.08, eclipsing
the market and the company's peers except for Citigroup. Analysts indicate that
the jump was due to the continuing push for home mortgages amid a resurgent
housing market, as well as President Obama's call for more lending in his recent
State of the Union address. BofA is still behind in that game though, but has
shown more interest as of late, looking to dole out more mortgages than they did
last year. In addition, the bank is looking to get past through its current
legal hurdles and finally curb the losses they incurred with the unsuccessful
acquisition of Countrywide Financial by focusing more on increasing its mortgage
originations. The Full Research Report on Bank of America Corporation -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.nationaltradersassociation.org/r/full_research_report/70cf_BAC]

--

JPMorgan Chase & Co. Research Report

JP Morgan Chase, the US's largest bank in terms of assets, recently entered the
race to handle the government's sale of its stake in OAO Alrosa, the world's
largest diamond miner by output. The bank is competing with Morgan Stanley and
Goldman Sachs to facilitate the sale of the 7 percent stake in the Russian
miner, which accounts for more than one-fourth of the world's diamond production
by value. Last year, JP Morgan saw revenues of its equities traders and sales
division decline, but could slowly revive after cutting costs and jobs. In
addition, it also closed euro funds last year, citing difficulty in investing in
clients' assets at a profit, but has since reopened all funds for that currency,
except for the Euro Government Liquidity Fund. The Full Research Report on
JPMorgan Chase & Co. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.nationaltradersassociation.org/r/full_research_report/f3c4_JPM]

--

The Goldman Sachs Group, Inc. Research Report

Investment bank Goldman Sachs, who also specializes in financial services,
reopened its euro-dominated money-market funds to new clients as yields on the
safest debt rose, according to a report from Bloomberg. The bank reopened its
Euro Government Liquid Reserves fund to new subscriptions last week, after
closing the fund last year as the European Central Bank cut its deposit rate to
nil amid economic difficulty in the region. Goldman currently has  644 million
euros  in its government fund, and is open for clients to deposit  25 million
euros  a day each. Its Euro Liquid Reserves Fund is now accepting  250 million
euros  per client per day, from its  25 million-euro  daily limit it previously
had. In other news, the bank is partnering with two private equity firms to buy
real estate developer Brookgate and British wind turbine parts maker Ainscough.
The bank is also in the running for the sale of the US government's OAO Alrosa
stake, as mentioned earlier.  The Full Research Report on The Goldman Sachs
Group, Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.nationaltradersassociation.org/r/full_research_report/1516_GS]

--

Wells  Fargo  & Company Research Report

Financial services company Wells Fargo will be assisting the newly-bankrupt
Reader's Digest magazine, together with its holders of its senior secured notes
through a  $105 million  debtor-in-possession financing program to be able to
operate during bankruptcy. It is the second time the magazine filed for a
pre-negotiated Chapter 11 bankruptcy protection in four years, citing a
greater-than-expected decline in the print media industry. The company plans to
exit bankruptcy within four years, and allow itself to reduce its  $534 million 
debt load by 80 percent, according to court documents. In other news, Wells
Fargo released a quarterly cash dividend on four series of its preferred stock,
ranging from  $18.75 to $409.49  per share. The bank announced it will release
its Q1 2013 earnings report on  Friday, April 12, 2013. The Full Research Wells
Fargo & Company - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.nationaltradersassociation.org/r/full_research_report/67bd_WFC]

--

Citigroup, Inc. Research Report

Citigroup, the third largest bank in the US in terms of assets, led all banks in
stock price growth last week with a 3.31 percent rise to  $44.63. The growth can
be attributed to news of its sale of a stake in Grupo Aeromexico SAB,  Mexico's 
largest airline, which may have helped shift some investor money its way. The
move towards focusing on its core banking business and ridding itself of
questionable assets is seen to improve its reputation in the eyes of investors.
In addition, Citi has also improved its cash flow after clearing itself of
questionable debt, which could be used in once investment opportunities arrive.
The Full Research Report on Citigroup, Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge at:
[http://www.nationaltradersassociation.org/r/full_research_report/3fd7_C]

--

Consider National Traders Association

Tired of hearing about the latest, greatest trade opportunity... only to realize
that the ship has long sailed? You need a strong, informative community in your
arsenal. Join the group that has been consistently identifying momentous
situations as they develop - long before they become the next top news on major
financial networks.

Contact:  Demi Lapierre

Email:  press@NationalTradersAssociation.org

Main: +1-(702)-212-4493

SOURCE  National Traders Association

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.