Tag: Bank of America Corp

Finance

NYSE Movers: Bank of America (NYSE:BAC), General Electric Company (NYSE:GE), Advanced Micro Devices (NYSE:AMD), Citigroup Inc (NYSE:C), Vale SA (NYSE:VALE)

The Bank of America Corporation (NYSE:BAC) issued layoff notices to 540 Charlotte employees. The job cut has been in the Legacy Asset Servicing division and it will impact 60% employees of that division in Charlotte. Bank of America Corp (NYSE:BAC) stock performance was -0.39% in last session and finished the day at $15.41. Traded volume was 66.82million shares in the last session and the average … Continue reading NYSE Movers: Bank of America (NYSE:BAC), General Electric Company (NYSE:GE), Advanced Micro Devices (NYSE:AMD), Citigroup Inc (NYSE:C), Vale SA (NYSE:VALE)

John Meady
Finance

NYSE Movers: Oracle Corporation (NYSE:ORCL), Vale (NYSE:VALE), Ford Motor Company (NYSE:F), Bank of America Corp (NYSE:BAC), Coach Inc (NYSE:COH)

Oracle Corporation (NYSE: ORCL) has agreed to buy Micros Systems Inc (NASDAQ: MCRS) for $5.3 billion. Chief Executive Officer, Larry Ellison seeks to boost its slowing growth by expanding into hospitality and retail industries.   Oracle Corporation (NYSE:ORCL) stock performance was 0.69% in last session and finished the day at $41.10. Traded volume was 16.96million shares in the last session and the average volume of the stock remained … Continue reading NYSE Movers: Oracle Corporation (NYSE:ORCL), Vale (NYSE:VALE), Ford Motor Company (NYSE:F), Bank of America Corp (NYSE:BAC), Coach Inc (NYSE:COH)

John Meady
Finance

Notable Movers: Layne Christensen Company (NASDAQ:LAYN), HSBC Holdings (NYSE:HSBC), Barclays (NYSE:BCS), Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C)

Layne Christensen Company (NASDAQ:LAYN) was down 12.75% after reporting a Q1 net loss of $27.7 million, or $1.41 per share, compared with a prior-year net loss of $23.8 million, or $1.22 per share. The prior-year results included a $0.02 gain from discontinued operations. Analysts polled by Capital IQ were looking for a loss of $0.35 per share. Total revenue slid 16% to $191.2 million, missing … Continue reading Notable Movers: Layne Christensen Company (NASDAQ:LAYN), HSBC Holdings (NYSE:HSBC), Barclays (NYSE:BCS), Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C)

Chris Lewis
Finance

Financial Sector Watch List: Bank of America Corp (NYSE:BAC), Regions Financial Corp (NYSE:RF), JPMorgan Chase (NYSE:JPM), KeyCorp (NYSE:KEY), Wells Fargo (NYSE:WFC)

Finally, analysts at Bank of America Corp (NYSE:BAC) reiterated a “neutral” rating on shares of PVH Corp in a research note on Friday, April 11th. They now have a $125.00 price target on the stock, up previously from $120.00. Bank of America Corp (NYSE:BAC) stock performance was 1.60% in last session and finished the day at $15.84. Traded volume was 78.65million shares in the last … Continue reading Financial Sector Watch List: Bank of America Corp (NYSE:BAC), Regions Financial Corp (NYSE:RF), JPMorgan Chase (NYSE:JPM), KeyCorp (NYSE:KEY), Wells Fargo (NYSE:WFC)

Chris Lewis
Finance

Financial Sector Active Stocks: Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Annaly Capital Management (NYSE:NLY), Gramercy Property, JPMorgan Chase (NYSE:JPM)

The City of Los Angeles has sued JPMorgan Chase & Co., accusing the largest U.S. bank of engaging in discriminatory mortgage lending practices that drove up foreclosures among minority borrowers. Los Angeles in December filed similar lawsuits against Bank of America Corp. (NYSE:BAC), Citigroup Inc. and Wells Fargo & Co., the next three largest U.S. banks. Wells Fargo on Wednesday lost its bid to dismiss … Continue reading Financial Sector Active Stocks: Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Annaly Capital Management (NYSE:NLY), Gramercy Property, JPMorgan Chase (NYSE:JPM)

Jayne Crisman
Finance

Investor’s Alert: Barclays PLC (ADR) (NYSE:BCS), Credit Suisse Group (NYSE:CS), Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC)

Barclays Plc (ADR) (NYSE:BCS) has been fined 26 million pounds ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012. Barclays PLC (ADR) (NYSE:BCS) stock performance was -0.37% in last session and finished the day at $16.37. Traded volume was 1.61million shares … Continue reading Investor’s Alert: Barclays PLC (ADR) (NYSE:BCS), Credit Suisse Group (NYSE:CS), Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC)

Jayne Crisman