Bank of America Corp (NYSE:BAC), is dismantling an electronic market-making unit it set up last year to serve its Merrill Lynch wealth-management unit’s clients, two people with knowledge of the matter told Bloomberg. Bank of America Corp (NYSE:BAC), net profit margin is 15.70% and weekly performance is -1.55%. On last trading day company shares ended up $14.61. Analysts mean target price for the company is $17.18. Bank of America Corp (NYSE:BAC), distance from 50-day simple moving average (SMA50) is -9.51%.
J.C. Penney Company, Inc. (NYSE:JCP)’s shares declined 4.59% to $8.93. The company on May 15 announced financial results for its first quarter ended May 3, 2014. For the first quarter, JCPenney reported net sales of $2.80 billion compared to $2.64 billion in the first quarter of 2013. Same store sales increased 6.2% and improved sequentially each month within the quarter. Operating income for the quarter was a loss of $247 million which represents a 49.2 % improvement over last year. For the first quarter, the Company incurred a net loss of $352 million or ($1.15) per share. J.C. Penney Company, Inc. (NYSE:JCP), fell 3.70% in last trading session and ended the day on $8.60. JCP, Gross Margin is 29.40% and its return on assets is -12.10%. J.C. Penney Company, Inc. (NYSE:JCP), quarterly performance is 52.21%.
Prosperity Bancshares, Inc. (NYSE:PB), Chairman H E. Timanus, Jr. bought 2,000 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was purchased at an average cost of $56.72 per share, for a total transaction of $113,440.00. Following the completion of the acquisition, the chairman now directly owns 90,524 shares of the company’s stock, valued at approximately $5,134,521. Prosperity Bancshares, Inc. (NYSE:PB), shares moved up 0.54% in last trading session and was closed at $57.96, while trading in range of $57.61 – 58.57. Prosperity Bancshares, Inc. (NYSE:PB), year to date (YTD) performance is -8.22%.
Office Depot Inc (NYSE:ODP), a front-running international provider of a variety of office products and services, as well as solutions which has been formed by a merger between ODP & OfficeMax in Nov 2013, announced the results for the Q1 that ended 29 March 2014. Office Depot Inc’s chairman and chief executive officer, Roland Smith, said that they are very pleased with their Q1 performance. After the weather-challenged start to 2014, there has been an improvement is sales trends even as the company exceeded its expectations in cost reduction & operational execution. With their new organizational-structure established & the leadership-team now mostly in place, this execution on the critical priorities is now improving. Office Depot Inc (NYSE:ODP), ended the last trading day at $4.97. Company weekly volatility is calculated as 4.33% and price to cash ratio as 3.05. Office Depot Inc (NYSE:ODP), showed a negative weekly performance of 6.05%.
The rapidly rising global leader in the automotive industry, Ford Motor Company (NYSE:F), has recently celebrated its sustainable manufacturing growth along with announcing the launch of New F-150 by the end of 2014. It is also marching towards maximum consumer’s satisfaction and hence is all set to launch a series of Technical Support Centers to provide to their growing needs. Ford Motor Company (NYSE:F), net profit margin is 4.40% and weekly performance is 1.02%. On last trading day company shares ended up $15.91. Analysts mean target price for the company is $18.27. Ford Motor Company (NYSE:F), distance from 50-day simple moving average (SMA50) is 1.51%.
Leave a Reply