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Los Angelas, CA -- (SBWIRE) -- 02/13/2013 -- Bank of America Corp (NYSE:BAC) , up 2.8% to meet its 52 week high of $12.20. Banks' financial results are highly dependent upon the health of the economy, so given today's mixed news, you wouldn't expect financial stocks to be up. In today's risk-on, risk-off world, however, it's no surprise that Bank of America is leading the market's rise.
Will the BAC Split Boost Share Price Among Huge Volatility? Find Out Here
Citigroup Inc. (NYSE:C) in particular have struggled to work through billions of dollars of bad mortgages on their books over the last five years. In B of A's case, its Legacy Assets and Servicing portfolio, which holds toxic mortgage-related assets, was sitting on $136.7 billion in loans at the end of the third quarter. And as I discussed here, Citigroup had a similar magnitude of bad mortgages in its own "bad" banking division, Citi Holdings.
How Should Investors Trade C Now? Find Out Here
Facebook Inc. (NASDAQ:FB) shares closed lower by 1.00% to US$28.26 with more than 37.36 million shares traded compared to its average volume of 72.44 million shares. Its price, as of the latest close, was up 61% compared with the 52-week low and was 59% below the 52-week high. By the end of last trading session, market investors were unclear if Facebook is moving in the right direction.
How Should Investors React To FB Now? Find Out Here
Microsoft Corporation (NASDAQ:MSFT) shares began the trading session with a price of US$27.65. When day-trade ended, the stock finally was up 1.13% to US$27.86. The stock traded 32.25 million shares in the last trading session, well above its daily average of 50.34 million shares.
Can MSFT Continue To Move Higher? Find Out Here
General Electric Company (NYSE:GE) provides aircraft engines, power generation, water processing, business and household appliance services. GE traded at $23.09, up 2.2 percent during After-Hours on 565,960 traded shares. The company’s price-to-earnings ratio is 16.22 and its market capitalization is $236.80 billion.
Can GE Extend Rally? Find Out Here
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