Current mortgage interest rates showed almost no change today while disappointed investors fled equities. SunTrust Banks, Inc. (NYSE:STI) reduced their lending rates while JPMorgan Chase & Co. (NYSE:JPM) lifted them.
The average interest rate on 30-year fixed-rate mortgages was slightly moved up to 3.605 percent. The gap between the 10-year bond yield and the 30-year loan rate increased five basis points to settle at 2.095 percent. The average rate on FHA-backed 30-year fixed-rate mortgages dropped one point to move at 4.038 percent and the average VA loan rate advanced one point to 3.856 percent.
In the money center banks industry, shares of Citigroup Inc. (NYSE:C) traded down in last session after the third-biggest U.S. bank announced two appointments including Robert Plowman as a managing director to join the London-based consumer products team in October and Nick Gray from Morgan Stanley (NYSE:MS) as a senior credit trader in London.
JPMorgan Chase & Co. (NYSE:JPM)
JPMorgan Chase & Co. (JPM) named Michael Camacho as chief executive officer of its commodities activities in Europe, the Middle East and Africa to replace Catherine Flax, who will become chief marketing officer.
In last trading session, JPMorgan Chase & Co. (NYSE:JPM) slipped -2.31% and closed at $35.17 with the total traded volume of 30.06 million shares. JPM has earnings per share of $4.44 and its price to earnings ratio ended at 7.93. Stock’s 52 weeks high price was $46.49 and 52 weeks low price was $27.85.
Wells Fargo & Company (NYSE:WFC)
According to a new report from The Chronicle of Philanthropy, Wells Fargo & Co. has been named among the nation’s most munificent companies for 2011.
Wells Fargo (NYSE:WFC), the third-largest bank in Northeast Florida, gave $213.4 million to schools and nonprofits last year, earning it a No. 4 ranking on the list.
Wells Fargo & Company (NYSE:WFC) plunged -1.65% to $33.34 with the total traded volume of 29.06 million shares. WFC has net profit margin of 20.88% and operating margin of 31.19% whereas its earnings per share are $3.03 and its price to earnings ratio ended at 11.00.
KeyCorp (NYSE:KEY)
KeyCorp (NYSE:KEY) fell 0.50% with the closing price of $7.93. The overall volume in the last trading session was 26.16 million shares.
In its share capital KEY has 945.47 billion outstanding shares while 943.11 million shares have been floated in market. KEY has insider ownership of 0.18% with its institutional ownership remaining at 82.51%. Company’s current year earnings per share grew with 94.72% while the five year EPS growth rate was +20.63%.