Nomura Equity Research Downgraded Microsoft Corporation (NASDAQ:MSFT) stock to neutral from buy cited the dramatic slowdown in the shipments of personal computer.
Analyst at Nomura Equity Research, Rick Sherlund said in a note that due to expected slip in the PC units up to 11% – 14% in the March quarter is the main hurdle for PC business.
According to Rick Sherlund, the less demand of PCs is the reason to cut the rating of MSFT stock to sell from neutral by Goldman Sachs based on shocking trends in the PC market following an IDC report depicting that a 14% year-over-year drop in shipments.
Ahead of this rating change, shares of Microsoft were down 3.5% in pre-market trades and in current session Microsoft Corporation (NASDAQ:MSFT) after opening at $29.10 is currently trading at $ 28.89 by falling up -4.57%.
MSFT past twelve months price to sales ratio was 3.48 and price to cash ratio recorded as 3.71. And MSFT’s return on assets is 12.83% while its return on equity recorded as 22.62%.
JPMorgan Chase & Co. (NYSE:JPM)’s chairman and CEO, James Dimon, give his apologies to its worthy shareholders for the last year’s multibillion dollar trading fiasco.
According to Wall Street Journal sources cited, an investor said it would focus this proxy season on changing the bank’s board that has pushed for corporate level changes at large financial firms like JPMorgan Chase & Co.
Ongoing developments give light to the challenges facing the U.S largest bank ahead of its annual shareholder meeting next month in Tampa, Fla. Where, its investors will vote on an advisory proposal to strip the current CEO from chairmanship, who is at this post since 2006.
JPMorgan Chase & Co. (NYSE:JPM) shares opened at $ 49.21 and currently is at $ 49.27 by moving up 0.04% at 10:24AM EDT.
JPM past twelve months price to sales ratio was 3.36 and price to cash ratio recorded as 3.51. And JPM return on assets is 0.92% while its return on equity recorded as 10.72%.