Citibank (NYSE:C) has appointed Bill Knott as its senior vice president for mid-Atlantic marketplace head, commercial and business banking. Knott will supervise sales and customer relationship projects for the business banking and commercial banking division.
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The company stock closed at $3.98 yesterday, after gaining 2.05%. However, in pre market hours, it is trading 0.75% lower at $3.95. In the last 52 weeks, the stock has traded in the range of $2.56-$5.43. Citibank’s 50-days moving average is $3.92, whereas its 200-days moving average stands at $3.95. The company’s beta is 2.65 and its EPS is ($0.34). Citibank’s market cap is $115.32 billion.
Bank of America (NYSE:BAC) has posted good results, beating analysts’ estimates. However, despite the good results, the company has received estimates cuts from several analysts. FBR Capital Markets has reduced its price target for the bank from $22 to $18. Goldman Sachs (NYSE:GS) has removed the stock from its “conviction buy” list, although it has reiterated its buy rating.
Bank of America stock closed 2.65% lower yesterday, at $13.61. In pre market hours, the stock has lost further 1.40% and is trading at $13.42. The company’s beta is 2.33, while its EPS is ($0.31). Its market cap stands at $136.55 billion. Bank of America’s 50 days moving average is $15.48. Its 200-days moving average is $16.19.
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Sprint Nextel (NYSE:S) will start offering Motorola i1 on its network from July 25th. The new phone carries a price tag of $149.99 with a two-year contract and $50 mail in rebate. The company is planning to sell the phone via its business and web channels.
Sprint Nextel stock gained 1.32% yesterday and closed at $4.62. During the pre market hours, the stock is trading at $4.55, down 1.52%. The company’s 50 days moving average is $4.55 and its 200 days moving average is $3.89. The stock’s EPS is ($0.93) and its beta is 1.11. the company’s market cap is $13.77 billion.
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