Royal Bank of Scotland Group plc (LON: RBS) shares continued to decline to 44.81 points, losing -0.89 (-1.95%) in the early trading session. Other British banks fall even lower. Anyway, Bulls still hope for better…
The British stock market remains in the red zone. The banking sector is weak, the main bank shares are falling in price since the beginning of trading. Trading volumes have increased in the first half of the trading session.
Bank of America Corporation (NYSE: BAC) shares continue to trade in the green zone, despite the absence of positive statistics. Bank shares rose by 1.2% in the last hour of the trading session. Gaining about 1%, Citigroup Inc. (NYSE: C) shares aren’t falling below 3.79 points.
Lloyds TSB Group plc (NYSE: LYG) has continued volatile trading against the background of new problems faced by British banks. Lloyds shares came close to 4.31 points, losing -0.01 (-0.23%).
Now it’s all up to Bernanke’s speech. Bank of America Corporation (NYSE: BAC) and JPMorgan Chase & Co. (NYSE: JPM) shares rise in price today, but can dramatically collapse due to interest rates rising by the Fed.
The Dow Jones Industrial Average was unable to hold on to the green zone and gradually went decreasing. At the same time, Bank of America Corporation (NYSE: BAC) shares rose to 13.02 points, gaining +1.20%.
The Dow Jones Industrial Average had experienced a very unfortunate week. Monday is breaking the bad tradition and brings a lot of positive news for the bulls. The Dow Jones Industrial will begin trading in positive territory, most likely – the analysts say.
Bank of America Corporation (NYSE: BAC) will begin trading in the green zone today – the analysts say. Bank of America Corporation (NYSE: BAC) shares rose to +0.13 points (1.01%) in the late Pre-market trading, reaching 13.00 points.
HSBC Holdings plc (LON: HSBA) shares remain in the green zone today. HSBC Holdings plc (LON: HSBA) has risen to 639.30 points, gaining +5.10 (0.80%) in early trading.
British banks had a very unfortunate week. Bear market trend is captured every day. Investors prefer to sell shares on a background of constant fluctuations. Bullish expectations were not fulfilled.