Bank stocks in News, JPMorgan Chase & Co, Goldman Sachs Group, Citigroup Inc, Bank of America Corp, Morgan Stanley, Barclays PLC, HBC

Stock of the dayAnalysts at Sandler O’Neill improved their target price on shares of JPMorgan Chase & Co. (NYSE:JPM) from $56.00 to $61.00 in a research report. The firm presently has a “buy” rating on the stock. Sandler O’Neill’s target price recommends a potential upside of 10.89% from the company’s recent price.

Goldman Sachs Group Inc (NYSE:GS) stated that quarterly profit doubled, improved by investment gains and a lower tax rate, but investors worried that these factors will not be repetitive in future periods, sending the bank’s shares lower.

Citigroup Inc (NYSE:C) the stock presented a positive movement of 0.04%. Presently, the company has a market capitalization of $157.62 billion.

Bank of America Corp.’s profit hopped 63% in the second quarter as the financial giant sustained to cut costs and struggled to clean up its concerned mortgage business.

I Squared Capital LLC, the private-equity firm managed by prior executives of Morgan Stanley (NYSE:MS)’s infrastructure arm, is looking for $2 billion for its debut global fund, a person with knowledge of the matter said.

Bank of America Corp (NYSE:BAC) reiterated their buy rating on shares of Barclays PLC (LON: BARC) in a report issued, Stock Ratings Network.com reports. They presently have a $5.59 target rate on the stock.

HSBC Holdings plc (ADR) (NYSE:HBC) has reserved $1 billion in loans for small and medium-sized productions that are increasing in places like China, Brazil and Hong Kong.

Citigroup Inc (NYSE:C) shares rose 0.27% in current trading session and is trading at $51.93 while trading in range of $51.94 – 52.88 with average volume 33.75 million shares. C price to sales ratio in past twelve months was calculated as 2.31 price to cash ratio as 0.21. C return on equity ratio is recorded and price to cash ratio as 4.40% and its return on assets is 0.40%.

JPMorgan Chase & Co. (NYSE:JPM) shares rose 0.35% in current trading session and is trading at $55.21 while trading in range of $54.84 – 55.58 with average volume 21.59 million shares. JPM price to sales ratio in past twelve months was calculated as 3.86 and price to cash ratio as 0.21. JPM return on equity ratio is recorded as 11.70 and its return on assets is 1.00%.

Bank of America Corp (NYSE:BAC) shares rose 3.02% in current trading session and is trading at $14.35  while trading in range of $14.04 – 14.44 with average volume 15.06 million shares. BAC price to sales ratio in past twelve months was calculated as 2.66 and price to cash ratio as 0.24. BAC return on equity ratio is recorded as 1.60% and its return on assets is 0.20%

HSBC Holdings plc (ADR) (NYSE:HBC) shares rose 1.03% in current trading session and is trading at $55.68 while trading in range of $ 55.58 – 55.96 with average volume 1.22 million shares.

Goldman Sachs Group Inc (NYSE:GS) shares rose 0.66% in current trading session and is trading at $161.30 while trading in range of $159.50 – 161.99 with average volume 3.49 million shares.

Morgan Stanley (NYSE:MS) shares rose 0.30% in current trading session and is trading at $26.46 while trading in range of $26.31 – 26.65 with average volume 19.78 million shares.

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