Bank Stock Wells Fargo & Co (NYSE:WFC) Announces Grant from 59 Nonprofits


HSBC Holdings (NYSE:HSBC) released a survey on Thursday, according to which, the production in the factories slowed down in December because of a decrease in domestic orders meanwhile the overseas demand for Indian products increased. HSBC Holdings (ADR) (NYSE:HSBC)’s stocks began the day with $54.04 and arrived at a maximum of $54.42. At the end of the day, the stock declined to $54.09. The stock’s gain for the week was on average at -0.92%.

Citigroup (NYSE:C) settled a lawsuit over mortgage securities by paying the taxpayer-owned Freddie Mac and Fannie Mae $250 million on Thursday. Citigroup Inc (NYSE:C) ended the trade-day yesterday at $53.40. The insider ownership of the stock is as low as 0.08% while 70.50% is owned by institutions.  The company’s share capital has 3.03b shares outstanding. Among these shares, 3.03 billion shares were drifted into the market.

Barclays (ADR) (NYSE:BCS) introduced new measures today in oweeksrder to simplify payment orders, so that the retail customers can save money and have greater control. The retailers can gain benefit from these measures. The company’s stock had a share volume of 1.23 million in its last trade-day. This was lower than its daily average share of 2.51 million. The company began the day at $17.96, attained $18.11 maximum and then closed at $18.02. Therefore, the stocks increased by 0.45%.

Countrywide Financial Inc, which was acquired in 2008 by the Bank of America Corp (NYSE:BAC), entered a settlement worth $17.3 million with Massachusetts. According to the settlement, $6 million will be handed over to the state and the rest $11.3 million will be used as compensation for investors with the Pension Reserves Investment Management Board. The weekly range of Bank of America Corp (NYSE:BAC) went from$10.98 to $16.50. The market capitalization included a total of $175.31 billion. The share capital of the company during the prior trading day was 130.05 million of which 10.67 million are the outstanding shares.

Wells Fargo & Co (NYSE:WFC) which is a home mortgage lender, announced that UrbanLift Community Grant Program awarded grants worth $11.4 million to 59 nonprofits. The purpose was to provide strength to neighborhoods in 25 MSAs. The company’s stock began with $44.99 and reached a peak of $45.58 then ended with $45.34. The intraday range of Wells Fargo & Co (NYSE:WFC)’s trade was $44.98 –  $45.48. The entire market cap recorded for Wells Fargo & Co (NYSE:WFC)’s stock is $238.38 billion. The average shares volume of the company is 15.00 million shares. However, it held 14.69 million shares during the session, which is much lower than its average.