Banking Round-Up (JPM, BAC, WFC, C)

The Federal Reserve is expected to approve some banks plans to raise their dividends tomorrow. This is giving the sector a little bit of a boost in late trading, but most of the banks continue to trade very heavy, which could be a concern for the stock market going forward. It does not seem, presently, that the share prices of the major banks are on the precipice of turning a corner. For the most part, they are all underperforming the S&P today, albeit not significantly.

J.P. Morgan JPM shares are up 1.19% to $44.34. Bank of America BAC has gained just under 2% to $13.96. Citigroup C is up just 0.80% at $4.43 - this was a $5 stock not that long ago. Wells Fargo WFC, a bank where Warren Buffett has a major stake, has lost 0.03% to $31.22.