Top 3 NYSE Financial Stock Gainers (Citigroup Inc., Bank of America Corporation, WFC)
Citigroup Inc. (NYSE:C) surged 3.70% to $4.49. Several Citigroup Inc investors, including Charles Schwab Corp and hedge fund Cambridge Place Investment Management, have sued the bank over its mortgage underwriting processes, Citigroup said in a regulatory filing on Friday.
Over the past 52-week, the stock had traded within the range of $3.11-$5.07. At Friday`s closing market price, the market capitalization of the company stood at $130.43 billion.
Bank of America Corporation (NYSE:BAC) added 1.90% to $12.36. This week, Bank of America Corp (BAC.N) moved its chief auditor over to oversee risk at its home loans and insurance unit at a time the largest U.S. bank by assets is facing growing demand to buy back billions of dollars in mortgages and investigations into its foreclosure practices.
The 52-week range of the stock is $11.03-$19.86.
Wells Fargo & Company (NYSE:WFC) soared 6.41% and closed at $29.22. The company announced that it is Los Angeles County’s No. 1 SBA 7(a) lender to small business owners in dollars and units for the second consecutive year. For the federal fiscal year 2010, which ended Sept. 30, 2010, Wells Fargo extended $59 million in SBA 7(a) financing to Los Angeles County small business owners.
The stock went up more than 8% year-to-date.