Bank of America Corp may have a new mortgage problem on its plate, saying on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. Bank of America Corp (NYSE:BAC) stock opened at $16.36 in last session, and closed at $16.33, while the day range of Bank of America Corp (NYSE:BAC) stock is $16.13 – $16.40. The stock showed a positive weekly performance of 0.80%.
Ford Motor Co., the second-largest U.S. automaker, is seeking to expand its credit lines by $1.3 billion to $12 billion. The company is planning to raise a $9 billion revolving loan that expires in five years and a $3 billion financing pact that lapse in three years, according to a person with knowledge of the offering, who asked not to be identified because terms aren’t set. Ford Motor Company (NYSE:F) stock opened at $15.14 in last session, and closed at $15.26 by gaining 0.73%. The 52 week range of $12.11 – $18.02. Company’s market capitalization is $60.15B.
Cisco Systems, Inc. (NASDAQ:CSCO) has bolstered its cash balance after selling $8 billion worth of bonds which is a record sale in the current fiscal year, second Verizon $49 billion worth of debt in September last year. The proceeds could not have come at a better time as they will be used for clearing senior notes worth $3.75 billion that are set to mature in the current fiscal year. Part of the money will also be used for stock buybacks and payment of dividends. Cisco Systems, Inc. (NASDAQ:CSCO) stock increased 0.41% and finished the last session at $21.93. The EPS of the stock remained 1.51. Company’s market capitalization is $116.10B.
AT&T Inc. plans to open a type of educational centre in Austin later this year but the telecom giant is disclosing few details about the project. AT&T Inc. (NYSE:T) stock opened the session at $32.25, and closed the session at $32.00. The 52 week range of the AT&T Inc. (NYSE:T) stock remained $31.74 – $39.00 and the day range was $31.89 – $32.29.
Leave a Reply