Microsoft Corporation (NASDAQ:MSFT) will provide its Windows operating system for free to smartphones and small tablet makers to influence and capture the fast growing markets and compete against the Google Inc’s free Android platform. Microsoft Corporation (NASDAQ:MSFT) shares after opening at $41.29 moved to $41.29 on last trade day and at the end of the day closed at $41.01. Company price to sales ratio in past twelve months was calculated as 4.08 and price to cash ratio as 4.07. Microsoft Corporation (NASDAQ:MSFT) showed a positive weekly performance of 4.19%.
PMorgan Chase & Co. (NYSE:JPM) could be facing a heavy lawsuit from its shareholders after being charged with providing misleading information of the bank’s ability to manage risk arising out of the London Whale scandal, where the bank lost USD 6.2 billion. JPMorgan Chase & Co. (NYSE:JPM) shares advanced 0.30% in last trading session and ended the day on $60.66. JPM return on equity ratio is recorded as 11.50% and its return on assets is 0.90%. JPMorgan Chase & Co. (NYSE:JPM) yearly performance is 31.27%.
The Wells Fargo & Co(NYSE:WFC) reportedly appointed a new Chief Financial Officer and a new head for the wholesale banking department as well. Well if not new appointments, these could be called reshuffling the executives because the previous Chief Financial Officer, namely Timothy J. Sloan is leaving the office in order to join the wholesale banking group. While John R. Shrewsberry who belonged to the banking department as the head of the Wells Fargo Securities is appointed as the new Chief Financial Officer of the Company. Such a turn of events took place after David A. Hoyt who was the head of the wholesale banking decided to retire at the age of 58 after working for 32 years with the Company.Wells Fargo & Co (NYSE:WFC) shares moved up 0.14% in last trading session and was closed at $49.83, while trading in range of $49.56-$49.89. Wells Fargo & Co (NYSE:WFC) year to date performance is 10.49%.
Wal-Mart Stores, Inc. (NYSE:WMT) is asking for around $5 billion in damage payments for lost sales revenues as a result of Visa’s predatory actions, and the company is taking the view that Visa’s position as the largest player in the credit and debit card payment industry has led to the exploitation of thousands of retailers.Wal-Mart Stores, Inc. (NYSE:WMT) weekly performance is 1.73%. On last trading day company shares ended up $77.46. Wal-Mart Stores, Inc. (NYSE:WMT) distance from 50-day simple moving average is 3.98%. Analysts mean target price for the company is $81.36.
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