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  • Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC): Almost Unchanged Today

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    Tuesday July 11, 2011 at 01:46 pm EST
     

    Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) Stock Report Tuesday. 
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    Shares of Citigroup Inc. (NYSE:C) are trading at $39.6 at support level of $39.62. Major resistance levels above $39.6 are at $41.21, $42.1, $44.4, $45.97, $47.84, and $50.76. Major support point below current price is at $37.62. Wall Street is expecting Citigroup Inc. (NYSE:C) to report a positive EPS of $0.97 and revenues of $19.94 billion. Friday earnings of Citigroup Inc. (NYSE:C) will be crucial for the financial stocks. It will be interesting to see if Citigroup falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.

    Bank of America Corp. (NYSE:BAC) stock is also lingering around $10.35 at support level of $10.39. As per reports from Bloomberg, Bank of America Corp. (NYSE:BAC) might dismiss a lawsuit against MBIA over protection sold against mortgage-debt defaults, prompting speculation that the two firms are near a wider settlement of claims tied to soured subprime home loans.



    Major Resistance levels for Bank of America Corp. (NYSE:BAC) above current price are at $10.79, $11.29, $11.82, $12.44, $12.67 and $13.2. There is no major support level below the current price.


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