If Wall Street’s measure of a company’s promise is its market value, then Facebook Inc (NASDAQ:FB)’s extraordinary earnings have put it solidly on the list of the 25 most valuable companies in the United States based on market capitalization. As a matter of fact, it has moved next to public corporations such as Verizon Communications Inc. (NYSE:VZ), Citigroup Inc. (NYSE:C) and Intel Corp. (NASDAQ: INTC). After a post-earnings run-up, Facebook’s market cap has reached almost $150 billion. Facebook Inc (NASDAQ:FB) stock opened at $54.61 in last trading session, and closed at $53.53, trading in the range of $53.19 – $54.95. The stock showed a negative weekly performance of -6.92%.
As the first Director of Gerontology at Bank of America Corp (NYSE:BAC) Merrill Lynch, Cyndi Hutchins hopes to rethink how financial advisors approach retirement planning. Wealth management firms like Merrill Lynch and their clients are facing new challenges as the American population ages and baby boomers begin to put their retirement plans to the test. People are living longer, and thus facing longer-than-expected retirements. Bank of America Corp (NYSE:BAC) shares closed at $16.68 on last trade day, by losing -0.30%. Stock 52 week range is $10.98 – $17.42. Company’s market capitalization is $176.67 billion.
Citigroup Inc (NYSE:C) is dialing back on the hours young staff members are required to work, the latest big bank to try to improve working conditions for junior employees. A memo released internally Wednesday encourages junior bankers known as analysts and associates on Wall Street—to take off from 10 p.m. on Friday until 10 a.m. on Sunday. Citigroup Inc (NYSE:C) stock decreased -3.06% and finished the last session at $48.08. The EPS of the stock remained 4.37. Company’s market capitalization is $145.64 billion.
AT&T Inc. (NYSE:T) is making a move to increase the number of lines that new and current customers add on. The company announced that starting Wednesday, all new and existing customers will receive a $100 credit on their bill for every new line they open. The offer extends to smartphones, tablets, feature phones, and hot spots. It also includes wireless home phone lines bundled with 4G LTE service. AT&T Inc. (NYSE:T) stock opened at $32.40 in last trading session and closed at $33.31. The 52 week range of the stock is $32.01 – $39.00 and the day range was $32.01 – $33.55.