Bank of America Corp (NYSE:BAC) the second-largest U.S. lender, agreed to an $8 million fine and returned almost $90 million to clients of its Merrill Lynch unit who were improperly charged fees over six years. About 6,800 retirement plans for charities, ministers and public-school workers and 41,000 for small businesses paid purchase charges for mutual funds when none was required from 2006 to 2011, according to the Financial Industry Regulatory Authority. While Merrill Lynch discovered the improper charges in 2006, it didn’t inform Finra until 2011, according to settlement papers released. Bank of America Corp (NYSE:BAC) net profit margin is 15.70% and weekly performance is -3.54%. On last trading day company shares ended up $15.28. Analysts mean target price for the company is $17.21. Bank of America Corp (NYSE:BAC) distance from 50-day simple moving average (SMA50) is -1.25%.
Facebook Inc (NASDAQ:FB) recently announced that it will use personal information gathered from activities of its users elsewhere on the web to more precisely target advertisements on the social network. Facebook Inc (NASDAQ:FB) shares fell -0.48% in last trading session and ended the day on $64.19. Gross Margin is 78.40% and its return on assets is 11.30%. Facebook Inc (NASDAQ:FB) quarterly performance is -6.62%.
Twitter Inc (NYSE:TWTR)’s official “Dronie” is at the Cannes Lions International Festival of Creativity this year, taking the robot-powered zoom out selfies first popularized by the NYT’s Nick Bilton and Photojojo founder Amit Gupta. The Dronie is a UAV with a camera mount that records dronies to post to its official Twitter account using a camera mounted to its undercarriage, and Twitter’s six-second video service Vine as the publication method. Twitter Inc (NYSE:TWTR) shares moved up 3.04% in last trading session and was closed at $38.02, while trading in range of $36.44 – $38.17. Twitter Inc (NYSE:TWTR) year to date (YTD) performance is -40.27%.
The much rumored iPhone 6 from Apple Inc. (NASDAQ:AAPL) may be still few months away from the launch, rumors mills have started rolling faster than before to produce information about the successor of existing iPhone 5S, dubbed as iPhone 6. In the wake of earlier rumors, a new leaked video claims to unveil the specification of iPhone 6 – in a restrictive way. The YouTube video reveals information about screen size, camera, resolution, processor and few more hardware components. Apple Inc. (NASDAQ:AAPL) ended the last trading day at $92.20. Company weekly volatility is calculated as 1.70% and price to cash ratio as 13.44. Apple Inc. (NASDAQ:AAPL) showed a negative weekly performance of -1.60 %.
Intel Corporation (NASDAQ:INTC) was a big mover last session, as the company saw its shares rise by almost 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now roughly 16% in the past one-month time frame, according to Zack. Intel Corporation (NASDAQ:INTC) net profit margin is 18.00% and weekly performance is 7.52%. On last trading day company shares ended up $30.01. Analysts mean target price for the company is $29.28. Intel Corporation (NASDAQ:INTC) distance from 50-day simple moving average (SMA50) is 12.38%.