Bank of America Corp (NYSE:BAC) unexpectedly announced it would suspend its stock buyback program and its plan to raise its quarterly dividend. The bank said it discovered an error in how the bank calculates its capital ratio, a crucial measure of a bank’s strength. The Federal Reserve asked the bank to put its buyback and dividend increase on hold until the error was fixed. Bank of America Corp (NYSE:BAC) stock opened today at $15.33 and is currently trading at $15.27. The stock showed a negative weekly performance of -1.24%.
Three former Barclays PLC (ADR) (NYSE:BCS) derivatives traders in New York were charged by U.K. prosecutors with manipulating Libor, becoming the first U.S.-based bankers to be accused in the British probe. Barclays PLC (ADR) (NYSE:BCS) stock opened at $16.81, in current trading session and currently is at $16.85, by gaining 0.36%.The 52 week range of $15.32-$20.44. Company’s market capitalization is $67.88 billion.
Capital One Financial Corp. (NYSE:COF) has won a patent lawsuit brought against it by Intellectual Ventures (IV) after a U.S judge invalidate two of the latter patents that formed a basis of the lawsuit. Intellectual properties had filed a number of separate lawsuits against several giant financial institutions last year including Bank of America (NYSE:BOFA) and JPMorgan Chase & Co. (NYSE:JPM). JPMorgan Chase & Co. (NYSE:JPM) stock is currently trading at $55.61.The EPS of the stock is 4.06. Company’s market capitalization is $210.47 billion.
Goldman Sachs Group Inc (NYSE:GS) announced that the Company will host a Fixed Income Investor conference call on May 1, 2014 at 11:30 a.m. ET. The Company informed that CFO Harvey Schwartz and Treasurer Liz Beshel Robinson will participate in the call. Goldman Sachs Group Inc (NYSE:GS) stock opened the session at $158.60, and now is at $157.12. The 52 week range of the GS stock remained $140.39-$181.13 and the day range was $156.16-$158.83.
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