Citigroup
Inc. (NYSE:C) slid 0.71% to $4.18. Yesterday, Goldman Sachs
added Citigroup to its Conviction Buy list on Monday citing valuation. The firm
expects the overhang from the U.S. Treasury sale to be over by mid-2011,
allowing the stock to climb to Goldman's price target of $5.50 per share.
The stock went up more than 25% year-to-date.
SunTrust
Banks, Inc. (NYSE:STI) surged 0.35% to $25.60.Yesterday, Deutsche
Bank downgraded the stock from Buy to Hold.
Over the past 52-week, the stock had traded within the
range of $18.45-$32.02. At today`s closing market price, the market
capitalization of the company stood at $12.80 billion.
Fifth
Third Bancorp (NASDAQ:FITB) rose 1.31% and closed at $12.78.
Last week, the company reported a third-quarter profit on Thursday, even as it
took further losses on bad loans it has decided to sell. The company posted net
income to common shareholders of $175 million, or 22 cents a share, compared
with a loss of $159 million, or 20 cents a share, in the year-earlier period.
Over the past 52-week, the stock had traded within the
range of $8.76-$15.95.
U.S.
Bancorp (NYSE:USB) surged 2% to $23.94.Last week, the company said
profit climbed more than 50 percent to $908 million, or 45 cents a share, from
$603 million, or 30 cents a share, a year earlier. Analysts on average expected
earnings of 43 cents a share, according to Thomson Reuters.
Over the past 52-week, the stock had traded within the
range of $20.44-$28.43. At today`s closing market price, the market
capitalization of the company stood at $45.90 billion.
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