Bank of America, JPMorgan, Alcoa: Dow Midday Movers
NEW YORK (TheStreet) -- U.S. stocks were falling midday Wednesday, adding to losses from Tuesday as more quantitative easing from the Federal Reserve seems less likely.
Shares of Bank of America fell 3.27% to $9.18. The bank's shares dropped nearly 2% Tuesday to close at $9.49.
Bank of America's stock is the biggest gainer in the Dow year to date with an increase of 64.75%.
TheStreet Ratings gives Bank of America a C- grade and hold rating.
JPMorgan shares lost 2.97% to $44.07. Regulators are getting ready to reprimand JPMorgan for its part in Lehman Brothers' downfall, according to The New York Times. The bank is expected to settle this issue and pay a fine.
JPMorgan gets a B+ grade with a buy rating and a $52.75 price target from TheStreet Ratings.
Shares of Alcoa dropped 2.49% to $9.81. TheStreet Ratings gives Alcoa a C grade and hold rating.
-- Written by Alexandra Zendrian
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