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  • Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) Stock Report

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    Tuesday July 5, 2011 at 11:00 pm EST
    Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) Stock Report. 
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    Shares of Citigroup Inc. (NYSE:C) dropped 0.7% Today closing at $42.57 at resistance level of $42.73. Major resistance levels above $42.57 are at $44.4, $45.97, $47.84, and $50.76. Major support points below Today's close are at $41.21, $40.32, $39.27 and at $37.67.

    Bank of America Corp. (NYSE:BAC) is trading at $11 at strong resistance level of $11.16. Major Resistance levels for Bank of America Corp. (NYSE:BAC) above current price are at $$11.76, $12.3, $12.67 and $13.2. The only major support level below the current price is at $10.56. Bank of America Corporation today announced the Board of Directors has authorized dividends on preferred stock.

    Bank of America Corp. (NYSE:BAC) shares were looking for direction after the wall street journal reported that a group of investors is fighting back against a proposed $8.5 billion settlement Bank of America Corp. reached last week to resolve claims related to soured Countrywide Financial loans.

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