In one of the last major pending cases stemming from the financial crisis against an individual, former Bank of America Corp (NYSE:BAC), finance chief Joe Price has agreed to pay $7.5 million under an agreement with New York State Attorney General Eric Schneiderman. Bank of America Corp (NYSE:BAC), shares after opening at $16.43 moved to $16.50 on last trade day and at the end of the day closed at $16.34. Company price to sales ratio in past twelve months was calculated as 3.19 and price to cash ratio as 0.28. Bank of America Corp (NYSE:BAC), showed a positive weekly performance of 1.30%.
AT&T Inc. (NYSE:T), has come under a constant barrage of criticism from rival T-Mobile over the past year but so far it hasn’t affected the carrier’s bottom line. In its Q1 2014 earnings report released Tuesday, AT&T reported earnings of $0.71 per share on $32.5 billion in revenue, which beat the consensus estimate of $0.70 per share on $32.41 billion in revenue. What’s more AT&T also posted a net addition of 625,000 postpaid subscribers on the quarter, which the carrier says represents its best Q1 for net postpaid additions in five years. Including prepaid subscribers, AT&T added more than 1 million net subscribers on the quarter. AT&T Inc. (NYSE:T), shares fell 1.20% in last trading session and ended the day on $34.50. AT&T Inc. (NYSE:T),return on equity ratio is recorded as 20.80% and its return on assets is 6.70%. AT&T Inc. (NYSE:T), yearly performance is -1.85%.
Verizon Communications Inc. (NYSE:VZ), reported first-quarter 2014 results before markets opened Thursday. The telecom giant reported adjusted diluted quarterly earnings per share (EPS) of $0.84 on revenues of $30.8 billion. In the same period a year ago, Verizon reported EPS of $0.68 on revenues of $29.42 billion. First-quarter results also compare to the consensus estimates for EPS of $0.87 on revenues of $30.7 billion. Verizon Communications Inc. (NYSE:VZ), shares moved down 2.42% in last trading session and was closed at $46.28, while trading in range of $ 46.07 – 47.49. Verizon Communications Inc. (NYSE:VZ), year to date (YTD) performance is -3.74%.
On April 24, 2014, General Motors Company (NYSE:GM), announced earnings for the first quarter of its fiscal 2014 (1QFY14; ended March 31). Sales rose to $37.4 billion for the quarter, while analysts had expected $37.9 billion on average. Revenues were up from $36.9 billion posted in the same quarter of last year. Higher prices for pickups and newer models helped bolster strong sales, particularly in the month of March, when US sales jumped 4.1% amid the easing of the harsh winter. General Motors Company (NYSE:GM), weekly performance is 0.59%. On last trading day company shares ended up $34.17. General Motors Company (NYSE:GM), distance from 50-day simple moving average (SMA50) is -2.38%. Analysts mean target Price for the company is $43.47.
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