US bank stocks increased on Tuesday morning, tracked the financial sector advanced following signs that confidence is surging in Europe’s biggest economy, Germany, and as US retail sales data presented continuing signs of economic development.
Investors are as well waiting of a meeting later Wednesday of the US central bank’s rate targeting committee. All of the big banks were advanced in early on trade, tracked by Citigroup Inc. (NYSE:C) and Morgan Stanley (NYSE:MS), which both increased in excess of 1.5 percent. In the broader market, the Financial Select Sector SPDR ETF (XLF), which led the financial stocks in the S&P 500 (SPX), increased 0.7%. In the Dow Jones Industrial Average, its financial components, Bank of America Corp (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), American Express Company (NYSE:AXP) and The Travelers Companies, Inc. (NYSE:TRV) all surged.
Citigroup Inc. (NYSE:C) reported the loss of -3.40% and closed at $35.21 with the total traded volume of 113.64 million shares. Its price to sales ratio ended at 1.42 and its price to cash per share was $3.60. Its market capitalization is $103.12 billion. The stock owned by the Financial Institutions was 61.35% while by insiders was 0.14%.
Morgan Stanley (NYSE:MS) has the market capitalization of $36.80 billion, enterprise value of -$166.54 billion. The company has the price over sales value of $0.94 whereas its price over book value of $0.58 for the most recent quarter. MS has the total of cash of $609.35 billion as compares to total debt of $404.90 billion.
The stock has a 52-week high price of $28.24 and its 52-week low was recorded at $11.58, has 50-Day moving average was 1.77% and 200-Day moving average was 3.85%.
JPMorgan Chase & Co. (NYSE:JPM)’s reported the increase of +0.44% to close at $43.58 with the overall traded volume of 68.01 million shares. Its market capitalization was $166.36 billion. Its debt to equity ratio was 3.73. Its beta value stands at 1.25 times and return on equity was 10.21%.
JPM has the total of 3.82 billion outstanding shares as compares to 3.75 billion shares that were floated in the market.
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