Financial Stocks (IRE, BCS, Citigroup Inc, Bank of America Corp, JPM)


Bank of Ireland (ADR)  (NYSE:IRE) surged up 2.58% to $1.08.  Banks in the Euro zone and the UK have been struggling to sell debt at affordable prices to investors due to liquidity concerns.

Barclays PLC (ADR) (NYSE:BCS) increased 4.83% to $10.64. The head of Barclays’ retail banking business in the UK and Europe, Deanna Oppenheimer has resigned from his designation.

Citigroup Inc (NYSE:C) jumped up 3.32% to $26.78 on a traded volume of 19.53 million shares. The 52-week range for the stock is $23.19 and $51.50. Goldman Sachs reduced the price target on the stock from $41.00 to $35.00 in a research note.

Bank of America Corp  (NYSE:BAC) augmented 3.25% to $6.436. The bank intends to announce a $5 monthly charge for some debit-card users to recover revenue lost after new federal rules capped so-called swipe fees.

JPMorgan Chase & Co (NYSE:JPM) climbed up 3.77% to $31.62. The stock is up after Germany’s lower house of parliament approved the expansion of the European bailout fund.

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