Big Banks Bring the Big Guns - Research Report on Bank of America Corporation, JPMorgan Chase & Co., The Goldman Sachs Group,

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.

PR Newswire

NEW YORK, February 20, 2013

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

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realize that the ship has long sailed? You need a strong, informative
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Contact: Demi Lapierre
Email: press@NationalTradersAssociation.org
Main: +1-(702)-212-4493

SOURCE National Traders Association
 
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