Bank of America Corp. (NYSE:BAC) boosted Chief Executive Brian Moynihan ‘s salary and bonus 17% to $14 million for 2013, rewarding its top executive for a year in which the bank posted its strongest annual profit since 2007. Bank of America Corp (NYSE:BAC) stock opened at $16.38 in last session, and closed at $16.20, while the day range of BAC stock is $16.18 – $16.45. The stock showed a negative weekly performance of -4.03%.
A U.S. appeals court on Wednesday rejected the Abu Dhabi Investment Authority’s effort to void Citigroup Inc (NYSE:C)’s arbitration win in a dispute over a $7.5 billion investment in the bank less than a year before the 2008 financial crisis. Citigroup Inc (NYSE:C) stock opened at $49.01, in last session and closed at $48.19, by losing -2.41%. The 52 week range of C is $40.28 – $55.28. Company’s market capitalization is $145.98billion.
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Chevron Corporation (Symbol: CVX) has taken over the #10 spot from JPMorgan Chase & Co. (Symbol: JPM). JPMorgan Chase & Co. (NYSE:JPM) stock decreased -2.10% and finished the last session at $57.26. The EPS of the stock remained 4.36. Company’s market capitalization is $215.07billion.
Kakao Corp. is close to signing Morgan Stanley (NYSE:MS) and Samsung Securities Co. as advisers for an initial public offering that could value South Korea’s dominant text messaging firm at more than $2 billion, according to people familiar with the matter. Morgan Stanley (NYSE:MS) stock opened the session at $29.55, and closed the session at $28.96. The 52 week range of the MS stock remained $20.16 – $33.52 and the day range was $28.89 – $29.65.
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