Tag: Bank of America

  • Financial sector laggards: Bank of America (NYSE:BAC), National Bank of Greece (NYSE:NBG), Barclays PLC (NYSE:BCS), HSBC Holdings plc (NYSE:HSBC)

    Bank of America Corp (NYSE:BAC) had been approved to spend $4 billion on buybacks and planned to increase is quarterly dividend from 1 cent to 5 cents per share. The company said in the statement it “will expeditiously resubmit” its proposed capital plan to the Fed but that it “expects the requested capital actions…will be less than the company’s previously announced 2014 capital actions Bank of America Corp (NYSE:BAC) shares after opening at $15.33 moved to $15.41 on last trade day and at the end of the day closed at $14.95. Company price to sales ratio in past twelve months was calculated as 2.92 and price to cash ratio as 0.25. Bank of America Corp (NYSE:BAC) showed a negative weekly performance of -7.09%.

    National Bank of Greece SA (NBG) priced a ?750 million five-year senior unsecured Reg- S bond to be issued through its subsidiary NBG Finance PLC and guaranteed by NBG. The bond was priced at 99.451 with a 4.5% yield at issuance, while the annual coupon will be 4.375%. Settlement will occur on April 30th.National Bank of Greece (ADR) (NYSE:NBG) shares fell -0.99% in last trading session and ended the day on $3.99. NBG return on equity ratio is recorded as 42.40% and its return on assets is 0.60%. National Bank of Greece (ADR) (NYSE:NBG) yearly performance is -65.00%.

    Barclays (NYSE:BCS)‘s stock had its “buy” rating reiterated by Investec in a report released on Thursday.Barclays PLC (ADR) (NYSE:BCS) shares moved down -0.66% in last trading session and was closed at $16.68, while trading in range of $16.63-$16.90.Barclays PLC (ADR) (NYSE:BCS) year to date performance is -6.76%.

    HSBC downgraded shares of HSBC Holdings plc (NASDAQ:HSBC) from an overweight rating to an underweight rating in a research note released on Friday morning. HSBC Holdings plc (ADR) (NYSE:HSBC) weekly performance is -2.63%. On last trading day company shares ended up $50.72. HSBC Holdings plc (ADR) (NYSE:HSBC) distance from 50-day simple moving average is -1.11%. Analysts mean target price for the company is $65.10.