Financial Sector Review: Volcker to Comment on Volcker Rule

February 13, 2012

Bank of America Corp (NYSE:BAC), Citigroup Inc. (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Goldman Sachs Group, Inc. (NYSE:GS): Former Fed chairman Paul Volcker is expected to file a comment letter on the Volcker rule before a deadline today, saying that the U.S. financial system will be safer and healthier with a ban on proprietary trading by banks, sources say, the Wall Street Journal reports.

BAC shares closed at $8.25, up $0.18, or 2.23%, on the day. Its market capitalization is $86.92 billion.

C shares closed at $32.88, down $0.04, or 0.14%, on the day. Its market capitalization is $96.14 billion.

JPM shares closed at $38.30, up $0.69, or 1.83%, on the day. Its market capitalization is $144.49 billion.

WFC shares closed at $30.62, up $0.36, or 1.19%, on the day. Its market capitalization is $161.14 billion.

GS shares closed at $114.53, up $0.41, or 0.36%, on the day. Its market capitalization is $56.38 billion.

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