Analysts at Jefferies Group are initiating coverage on JPMorgan Chase & Co. (NYSE: JPM) and Bank of America Corp. (NYSE: BAC) stocks with “buy” ratings, while rating rate Citigroup In. (NYSE: C) as a “hold.”

Shares of JPMorgan edged up 0.89 percent to $58.84 in morning trading, while bank of America stock rose 0.85 percent to $16.64. Citigroup shares increased 1.18 percent to $54.82.

The Dow Jones industrial average fell 46.05 points or 0.28 percent, to 16,484.89. The S&P 500 rose 1.21points or 0.07 percent, to 1,839.09. The Nasdaq Composite climbed 12.62 points or 0.30 percent, to 4,165.71.