Early Market News: Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC), JP Morgan Chase & Co. (NYSE:JPM)

Categories: News, Roundups





Here are several more stock briefings which could affect stocks in trading later today.

The following stocks should see some movement: Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC), JP Morgan Chase & Co. (NYSE:JPM).

Here is a more detailed look at the news that will affect each company when trading continues.

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C)

Citigroup (NYSE:C) said Wednesday that it will triple its work force in China to about 12,000 during the next three years, as part of its strategy to expand rapidly in the country, which hosts about 9 percent of the company’s Asia workforce.

Citigroup (NYSE:C) spokesman Stephen Thomas comments that the plan is a “reflection of the fact that China is one of our priority markets around the world and we intend to continue to strongly grow our business in China.”

Bank of America Corp. (NYSE:BAC)

Bank of America Corp. (NYSE:BAC)

Bank of America Corp. (NYSE:BAC) got off to a strong start in September, as did J.P. Morgan Chase and Caterpillar.

The three led the Dow in a day of broad gains as it rose 254.75 points, or 2.54%.

This was precipitated by news that manufacturing data topped expectations.

This marked the fifth-largest one-day gain this year for the Dow.

JP Morgan Chase & Co. (NYSE:JPM)

JP Morgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM did well yesterday, leading a rally in the Dow Industrials as manufacturing data was released showing strength in the sector.

The company gained 1.38 points, or 3.8%, to end the day at 37.74. The Dow rose 254.75 points, or 2.54% to close at 10,269.47.

We could possibly see more movement when trading continues for Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC) and JP Morgan Chase & Co. (NYSE:JPM).


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