Check out this week’s summary of the gains and losses banks stocks saw on the New York Stock Exchange.
To start off, Wells Fargo (NYSE:WFC) just announced that they will be joining Chase in ending their debit rewards program. MyBankTracker.com broke the story yesterday, read about Wells Fargo Cutting their Debit Rewards. Also this week, U.S. Bank announced a change to their rates by adding fees to their checking accounts. To learn how to avoid these new fee changes read our article about how you can prepare yourself for the fee checking fee changes.
Bank of America had a busy week this week as the announced the launch of their text banking feature, many customers are looking towards the convenience. Unfortunately the bank also caused a bit of a negative stir when they announced plans to cut 100 jobs from their consumer and small business banking unit. The cuts come as a response to federal regulations that threaten earnings made by the bank.
Weekly Stock Updates March 25- April 1
| Bank Name | Symbol | Friday, April 1 | Friday, March 25 | Quote Change |
|---|---|---|---|---|
| Bank of America | NYSE: BAC | Last price: 13.37 | Last price: 13.34 | +0.03 |
| JPMorgan Chase & Co | NYSE: JPM | Last price: 46.35 | Last price: 45.86 | +0.49 |
| Wells Fargo & Company | NYSE: WFC | Last price: 32.06 | Last price: 31.94 | +0.12 |
| Citigroup Inc. | NYSE: C | Last price: 4.45 | Last price: 4.46 | -0.01 |
| US Bancorp | NYSE: USB | Last price: 26.68 | Last Price: 26.92 | -0.24 |
| PNC Financial Services | NYSE: PNC | Last price: 63.72 | Last price: 61.77 | +2.15 |
| BB&T Corporation | NYSE: BBT | Last price: 27.62 | Last price: 27.07 | +0.55 |
| M&T Bank Coporation | NYSE: MTB | Last price: 86.69 | Last price: 87.54 | -0.85 |
| Fifth Third Bancorp | NYSE: FITB | Last price: 13.99 | Last price: 13.85 | +0.14 |
| Regions Financial Corporation | NYSE: RF | Last price: 7.29 | Last price: 7.18 | +0.11 |
With the close of the Friday’s bell more banks saw losses than gains. Even though Chase announced the end of their debit card rewards program they still saw gains this week. Only time will tell whether or not the same effect will impact Wells Fargo’s numbers next week. To see last weeks wrap up click here.
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