Our Sponsors

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

    Citigroup official logo
    Tuesday July 11, 2011 at 01:46 pm EST

    Citigroup Inc. (NYSE:C) and Bank of America Corp. (NYSE:BAC) Stock Report Tuesday. 
    Sign up for Daily alerts if you haven't done it yet. 
    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.

    You Might Want to Read These:

    2)Top Stock for the year 2011
    3)Financials with Huge Upside Potential
    4)Analyst Actions for Today


Leave a Reply

Latest Posts