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