BofI Holding Inc. announced after the bell Thursday that its BofI Federal Bank subsidiary has entered into a definitive purchase and assumption agreement to purchase certain assets and assume all of the deposits of H&R Block Bank. H & R Block Inc (NYSE:HRB) is now up 2.23 on 130K shares. H & R Block Inc(NYSE:HRB) shares after opening at $29.88 on last trade day and at the end of the day closed at $27.64. Company price to sales ratio in past twelve months was calculated as 2.85 and price to cash ratio as 16.94. H & R Block Inc(NYSE:HRB) showed a negative weekly performance of -6.34%.
The Gap Inc. (NYSE:GPS) announced after the close Thursday that its comparable sales for March were down 6 percent versus a 1 percent decrease last year. The company also reaffirmed its previous full-year earnings per share guidance range of $2.90 to $2.95 for fiscal 2014. Analysts currently expect full-year 2014 earnings of $2.96 per share. The Gap Inc.(NYSE:GPS) shares fell -2.27% in last trading session and ended the day on $38.40. GPS return on equity ratio is recorded as 40.50% and its return on assets is 16.50%. The Gap Inc. (NYSE:GPS) yearly performance is 2.51%.
High-risk junk-bond funds tumbled Thursday: SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) fell -0.36%. But that’s normal: Junk bonds typically track the stock market more closely than they do the bond market. SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) shares moved down -0.36% in last trading session and was closed at $41.05, while trading in range of $41.03 – 41.19. SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) year to date (YTD) performance is 2.70%.
Shares of China’s NQ Mobile Inc (ADR) (NYSE:NQ) are sinking after the company reported lower than expected fourth quarter earnings per share and said that it had identified an accounting error. NQ Mobile provides mobile Internet services focused on security, privacy and productivity. NQ Mobile reported fourth quarter EPS of 22c, excluding certain items, compared with analysts’ consensus estimate of 32c. The company’s revenue, however, came in slightly higher than expected, and it raised its full-year revenue guidance slightly. NQ Mobile Inc (ADR) (NYSE:NQ) weekly performance is -25.29%. On last trading day company shares ended up $12.70. NQ Mobile Inc (ADR) (NYSE:NQ) distance from 50-day simple moving average (SMA50) is -30.87%. Analysts mean target price for the company is $30.58.