Current mortgage interest rates fell again today as a number of large banks cut their rates sharply with some big changes seen for JPMorgan Chase & Co. (NYSE:JPM), KeyCorp (NYSE:KEY) and Citigroup Inc. (NYSE:C).
The average interest rate on 30-year fixed-rate mortgages lost five basis points to settle at 3.601 percent. The gap between the 10-year bond yield and the 30-year loan rate narrowed to 1.996 percent. The average rate on FHA-backed 30-year fixed-rate mortgages edged down while the average VA loan rate climbed.
Barclays PLC (ADR) (NYSE:BCS) unveiled a plan of addition to its interest rates team with a hire from Credit Suisse AG. Igor Arsenin is going to join Barclays as managing director and head of emerging Asia interest rates strategy, based in Singapore.
The bank’s stock showed a gain of +2.77% and closed at $11.52 with the total traded volume of 4.93 million shares lower than the average volume of 6.23 million. BCS has earnings per share of $0.79 and its price to earnings ratio ended at 14.50.
UBS AG (USA) (NYSE:UBS) gained +0.46% to close at $10.90 and its overall volume during last trading session was 3.31 million shares. Stock opened at $10.71 and its shares hit the day high price of $10.91 and day low of $10.66.
Chief Financial Officer Tom Naratil recently said that Switzerland’s largest bank received orders valuing $9 billion for its contingent capital bonds sold last week.
In its share capital UBS has 2.00 billion outstanding shares while 1.98 billion shares have been floated in the market. UBS has insider ownership of 1.01%. Company’s current year earnings per share grew 0.13% while the five year EPS growth rate was +16.42%.
In the last trading session, Itau Unibanco Holding SA (ADR) (NYSE:ITUB) jumped +1.61% and closed at $17.03 with the total traded volume of 13.06 million shares, less than the average volume of 14.61 million. Its price to earnings ratio ended at 11.74.
Banco Santander, S.A. (ADR) (NYSE:SAN) reported the loss of -0.15% and closed at $6.49 with the total traded volume of 3.29 million shares lower than the average volume of 7.16 million. SAN has earnings per share of $0.88 and its price to earnings ratio ended at 7.41.