Wall Street Fundamentals Releases New In-Depth Stock Reports on BAC, C, JPM and WFC


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Companies Mentioned

NYSE:BAC / NYSE:C / NYSE:JPM / NYSE:WFC
08/27/2013 [ACCESSWIRE]

Moody’s Investors Service has recently stated that they are considering lowering the credit ratings of major U.S. banks, such as including JPMorgan Chase & Co. and Goldman Sachs Group Inc. One of the main reasons cited for the potential ratings cut is the unlikelihood of the government fully bailing out bond investors if banks run into another financial crisis. Moody’s is also considering downgrading bonds of Wells Fargo & Co., and Morgan Stanley. Bonds of Bank of America Corp. and Citigroup Inc. may also see a downgrade, but could be upgraded as operations are improving.

Bank of America Corp. (NYSE: BAC) shares traded in the range of $14.49 to $14.70 Monday before settling to close at $14.49, a decrease of 0.55 percent. The stock appears to be facing some resistance at the $14.53 and $14.97 levels with some support at $14.03. Shares of Bank of America have gained approximately 25.0 percent in 2013.

More information on Bank of America and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/BAC

Citigroup Inc. (NYSE: C) shares traded in the range of $49.60 to $50.34 Monday before settling to close at $49.60, a decrease of 0.46 percent. The stock appears to be facing some resistance at the $49.72 and $50.39 levels with some support at $49.23. Shares of Citigroup have fallen approximately 25.0 percent in 2013.

More information on Citigroup and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/C

JPMorgan Chase & Co. (NYSE: JPM) shares traded in the range of $51.79 to $52.54 Monday before settling to close at $51.80, a decrease of 0.99 percent. The stock appears to be facing some resistance at the $52.19 and $52.98 levels with some support at $50.98. Shares of JPMorgan have gained approximately 18.0 percent in 2013.

More information on JPMorgan and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JPM

Wells Fargo & Co. (NYSE: WFC) shares traded in the range of $42.37 to $42.83 Monday before settling to close at $42.39, a decrease of 0.87 percent. The stock appears to be facing some resistance at the $42.43 and $42.86 levels with some support at $41.42. Shares of Wells Fargo have gained approximately 24.0 percent in 2013.

More information on Wells Fargo and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/WFC

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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