BNP Paribas SA (EPA:BNP) France’s largest bank, reported a surprise drop in fourth-quarter profit after setting aside $1.1 billion tied to a review of payments to parties subject to U.S. economic sanctions. BNP Paribas SA (EPA:BNP) stock opened at EUR58.42 in last session, and closed at EUR58.16, while the day range of stock is EUR57.95 – EUR59.20.
Rio Tinto plc (ADR) (NYSE:RIO) had its “outperform” rating reaffirmed by analysts at Credit Suisse. They now have a GBX 4,000 ($65.63) price target on the stock.Rio Tinto plc (ADR) (NYSE:RIO) stock opened at $58.18, in last session and closed at $57.99, by gaining 1.20%. The 52 week range of the stock is $39.14 – $58.90. Company’s market capitalization is $107.20 billion.
Comcast Corporation (NASDAQ:CMCSA) and Time Warner Cable announced that their Boards of Directors have approved a definitive agreement for Time Warner Cable to merge with Comcast. The agreement is a friendly, stock-for-stock transaction in which Comcast will acquire 100 percent of Time Warner Cable’s 284.9 million shares outstanding for shares of CMCSA amounting to approximately $45.2 billion in equity value. Comcast Corporation (NASDAQ:CMCSA) stock advanced 0.44% and finished the last session at $55.24. The EPS of the stock remained 2.56. Company’s market capitalization is $144.48 billion.
Comcast Corp. has agreed to buy Time Warner Cable Inc. (NYSE:TWC) for $45.2 billion in stock, or $158.82 per share, two people familiar with the matter said late Wednesday. Time Warner Cable Inc (NYSE:TWC) stock opened the session at $134.83, and closed the session at $135.31. The 52 week range of the stock remained $84.57 – $139.85 and the day range was $134.15 $135.32.