Bank of America Corp (NYSE:BAC) is expected to report a decline in revenue. The consensus estimate is $22.3 billion for the quarter, compared to $23.5 billion a year ago. Bank of America Corp (NYSE:BAC) shares after opening at $16.05 moved to $16.22 on last trade day and at the end of the day closed at $16.00. Company price to sales ratio in past twelve months was calculated as 3.06 and price to cash ratio as 0.29. Bank of America Corp (NYSE:BAC) showed a negative weekly performance of -2.32%.
Private equity firm The Blackstone Group L.P. (NYSE:BX) will buy industrial products maker Gates Corp. for $5.4 billion, according to Gates’ owners. The Blackstone Group L.P. (NYSE:BX) shares fell -1.23% in last trading session and ended the day on $29.77. BX return on equity ratio is recorded as 20.40% and its return on assets is 4.10%. The Blackstone Group L.P. (NYSE:BX) yearly performance is 52.90%.
Analysts at Citigroup Inc. reduced their price target on shares of Waddell & Reed Financial (NYSE:WDR) from $86.00 to $85.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price points to a potential upside of 24.94% from the company’s current price. Waddell & Reed Financial, Inc. (NYSE:WDR) shares moved down -0.17% in last trading session and was closed at $66.46, while trading in range of $65.81 – $67.36. Waddell & Reed Financial, Inc. (NYSE:WDR) year to date (YTD) performance is 3.07%.
Cedar Realty Trust (NYSE:CDR) Insider Bruce Schanzer bought 4,000 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $23,960.00. Following the completion of the acquisition, the insider now directly owns 2,604,000 shares of the company’s stock, valued at approximately $15,597,960. Cedar Realty Trust Inc. (NYSE:CDR) weekly performance is 0.33%. On last trading day company shares ended up $6.00. Cedar Realty Trust Inc. (NYSE:CDR) distance from 50-day simple moving average (SMA50) is -2.53%. Analysts mean target price for the company is $6.81.
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