Active Stocks: Bank of America Corp (NYSE:BAC), Facebook Inc (NASDAQ:FB), General Electric Company (NYSE:GE), Cisco Systems (NASDAQ:CSCO)

Posted by on Apr 21, 2014

Bank of America Corp (NYSE:BAC) was the last of the four banking titans to report its 1Q2014 earnings and it has posted disappointing figures. Bank of America Corp (NYSE:BAC) shares after opening at $16.14 moved to $16.24 on last trade day and at the end of the day closed at $16.15. Company price to sales ratio in past twelve months was calculated as 3.17 and price to cash ratio as 0.27. Bank of America Corp (NYSE:BAC) showed a positive weekly performance of 0.19%.

Facebook Inc (NASDAQ:FB) is still the leader in the “social internet.” That is the dramatic, though possibly meaningless statement, that opens a recent Morgan Stanley report on the Menlo Park company. Mark Zuckerberg’s firm has grown significantly since going public, but it is still resting on high expectations, and its opportunities are not all that clear cut. Facebook Inc (NASDAQ:FB) shares fell -1.31% in last trading session and ended the day on $58.94. FB return on equity ratio is recorded as 11. 30% and its return on assets is 9.40%. Facebook Inc (NASDAQ:FB) yearly performance is 129.43%.

General Electric Company (NYSE:GE) announced results for the first quarter of its fiscal 2014 (1QFY14), in which revenues and profits declined over last year’s comparable period. GE reported revenues of $34.2 billion for 1QFY14, a decline of 2% year-over-year (YoY). Adjusted earnings for the industrial conglomerate dropped 5.7% to 33 cents per share. The Industrial segment’s profit margin expanded by 50 basis points (bps) over the previous year to 12%, meeting its goal of a profit margin of at least 10%. The company is now looking to sell off its assets that are not meeting its minimum profit margin target. General Electric Company (NYSE:GE) shares moved up 1.68% in last trading session and was closed at $26.56, while trading in range of $ 26.45 – 26.76. General Electric Company (NYSE:GE) year to date (YTD) performance is -4.43%.

Cisco Systems, Inc. (NASDAQ:CSCO) has announced plans to invest $1 billion over the next two years into cloud computing services, reported the Wall Street Journal. The shift towards cloud is among the latest trends in the information technology services industry. For cloud computing, Cisco will be spending the said amount to construct data centers that will run Cisco Cloud Services. Cisco Systems, Inc. (NASDAQ:CSCO) weekly performance is 2.47%. On last trading day company shares ended up $23.21. Cisco Systems, Inc.(NASDAQ:CSCO) distance from 50-day simple moving average (SMA50) is 5.05%. Analysts mean target price for the company is $23.84.

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