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


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Companies Mentioned

NYSE:BAC / NYSE:C / NYSE:USB / NYSE:WFC
01/16/2014 [ACCESSWIRE]

Gains from major companies such as Apple and Bank of America helped lift the S&P 500 Index to a new all-time high Wednesday. The S&P 500 Index gained 0.52 percent to close at 1,848.38, up roughly 25.0 percent in the past year, and slightly above its previous high of 1848.36. "The economy is improving, which means better corporate earnings. We have created more than 2 million jobs and at 10-year yield below 3%, markets can only go up. At current multiples, markets will go up even if the 10-year yields rise to 3.5%, because at a price-to-earnings ratio of 17.6, there is room for a bit more expansion," said John Fox, director of research at Fenimore Asset Management in Cobleskill, New York.

Bank of America Corp. (NYSE: BAC) shares traded in the range of $17.11 to $17.42 Wednesday before settling to close at $17.15, an increase of 2.27 percent. The stock appears to have some support at the $17.11, $16.79 and $16.68 levels. Shares of Bank of America have gained approximately 47.0 percent in the past year.

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 $54.36 to $55.17 Wednesday before settling to close at $54.99, an increase of 1.93 percent. The stock appears to have some support at the $54.48, $53.40 and $52.99 levels. Shares of Citigroup have gained approximately 30.0 percent in the past year.

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

U.S. Bancorp (NYSE: USB) shares traded in the range of $41.08 to $41.57 Wednesday before settling to close at $41.50, an increase of 1.49 percent. The stock appears to have some support at the $41.44, $41.03 and $40.73 levels. Shares of U.S. Bancorp have gained approximately 23.0 percent in the past year.

More information on U.S. Bancorp and access to the free equity report can be found at:
www.WallStreetFundamentals.com/USB

Wells Fargo & Co. (NYSE: WFC) shares traded in the range of $45.76 to $46.74 Wednesday before settling to close at $46.40, an increase of 1.79 percent. The stock appears to be facing some resistance at $46.49 with some support at the $45.92 and $45.60 levels. Shares of Wells Fargo have gained approximately 32.0 percent in the past year.

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: http://www.wallstreetfundamentals.com/
Email: editor@wallstreetfundamentals.com

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