Apple Inc. (NASDAQ:AAPL) has confirmed that it is acquiring headphone maker Beats Electronics for $3 billion. Earlier this month, when rumors about the acquisition first surfaced, the figure was reported to be $3.2 billion, but Apple Inc. (NASDAQ:AAPL) is actually paying just a tad less: $2.6 billion in cash and $400 million in equity. Apple Inc. (NASDAQ:AAPL) net profit margin is 21.40% and weekly performance is 4.24%. On last trading day company shares ended up $633.00. Analysts mean target price for the company is $642.43. Apple Inc. (NASDAQ:AAPL) distance from 50-day simple moving average (SMA50) is 12.56%.
On 30 MAY Wells Fargo & Co (NYSE:WFC) announced that it is set to end a class action lawsuit filed in 2010 by paying $62.5 million, according to a Reuters report. It was alleged that the company misguided investors by promoting a risky securities lending program as secure. Wells Fargo & Co (NYSE:WFC) shares advanced 1.01% in last trading session and ended the day on $50.78. WFC return on assets is 1.40%. Wells Fargo & Co (NYSE:WFC) quarterly performance is 10.18%.
On 30 MAY Johnson & Johnson (NYSE:JNJ) had announced its investment of €80m as well as the creation of 270 jobs at its new Ethicon Biosurgery manufacturing facility in Limerick. Johnson & Johnson (NYSE:JNJ) shares moved up 0.69% in last trading session and was closed at $101.46, while trading in range of $100.55 – $101.54. Johnson & Johnson (NYSE:JNJ) year to date (YTD) performance is 12.35%.
On 20 MAY National Bank of Greece (ADR) (NYSE:NBG) made an announcement regarding the fact that the company’s more than 1,136 million shares would begin trading at the Athens stock exchange at the rate of EUR 2.20 per share of the subscription price. National Bank of Greece (ADR) (NYSE:NBG) ended the last trading day at $3.65. Company weekly volatility is calculated as 3.60% and price to cash ratio as 0.80. National Bank of Greece (ADR) (NYSE:NBG) showed a positive weekly performance of 16.99%.
On 27 MAY Bank of America Corp (NYSE:BAC) has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, BANK OF AMERICA CORP increased its bottom line by earning $0.91 versus $0.25 in the prior year. This year, the market expects an improvement in earnings ($0.93 versus $0.91). Bank of America Corp (NYSE:BAC) net profit margin is 15.70% and weekly performance is 2.92%. On last trading day company shares ended up $15.14. Analysts mean target price for the company is $17.23. Bank of America Corp (NYSE:BAC) distance from 50-day simple moving average (SMA50) is -4.67%.
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