Financials Rallying Big Today as Dow Gains 200+: BAC, C, JPM, MS, RF, SNV, WFC

Bank of America Corporation (NYSE:BAC) is up 4.77% at $5.8250 today. BAC has traded 117.6 million shares already today and trades 263 million shares a day on average. BAC is rallying with the market today. BAC is up more than $0.50 after dipping to below $5.30 last Thursday. The company has a market cap of 58.99 billion.

Citigroup, Inc. (NYSE:C) is up 7.53% in midday trading at $28.29. C has traded 30 million shares today and trades 58.1 million shares a day on average. C is nearly $2 a share since last week. The company has a market cap of 82.59 billion.

JPMorgan Chase & Co. (NYSE:JPM) is up 4.68% at $34.80 today. JPM has traded 16.4 million shares so far today and trades 43.1 million shares a day on average. According to Reuters, JPMorgan is being sued for $95 million for alleged mortgage loan misrepresentation. JPM is following the overall market trend today and should close well into the green unless something drastic happens in the market. The company has a market cap of 132.01 billion.

Morgan Stanley (NYSE:MS) is up 6.74% in midday trading at $16.14. MS has traded 12.5 million shares so far today and averages 35.6 million shares a day on average. The company has a market cap of 31.13 billion.

Regions Financial Corp. (NYSE:RF) is up 1.05% today at $4.3450. RF has traded 6.6 million shares today and trades 25.3 million shares a day on average. There are reports out today that Regions ended Morgan Keegan talks with Stifel. The company has a market cap of 5.44 billion.

Synovus Financial Corp (NYSE:SNV) is up 5.32% at $1.4850 today. SNV has traded 4.5 million shares so far today and trades 7.7 million shares a day on average. SNV will announce their fourth quarter results on January 24, 2012. The company has a market cap of 1.16 billion.

Wells Fargo & Company (NYSE:WFC) is up 2.54% in midday trading at $28.26. WFC has traded 15.7 million shares so far today and trades 36.6 million shares a day on average. WFC is up more more than $1.50 a share since last Thursday. The company has a market cap of 149.19 billion.

written by

Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.
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