US Corporate News: Intel Corporation (NASDAQ:INTC), Credit Suisse Group AG (NYSE:CS), Bank of America (NYSE:BAC), Yahoo! Inc. (NASDAQ:YHOO)

Intel Corporation (NASDAQ:INTC) yesterday reported first-quarter revenue of 12.8 billion, operating income of 2.5 billion, net income of 1.9 billion and EPS of 38 cents. The company generated approximately 3.5 billion in cash from operations, paid dividends of 1.1 billion, and used 545 million to repurchase 22 million shares of stock. Intel Corporation (NASDAQ:INTC) shares after opening at $26.98 moved to $27.24 on last trade day and at the end of the day closed at $26.93. Company price to sales ratio in past twelve months was calculated as 2.54 and price to cash ratio as 6.67. Intel Corporation (NASDAQ:INTC) showed a negative weekly performance of -0.19%.

Credit Suisse Group AG (ADR) (NYSE:CS) said on Wednesday that profit fell 34 percent in the first quarter as the Swiss bank shed assets and streamlined its investment banking operations as part of an overhaul of its business. Credit Suisse Group AG (ADR) (NYSE:CS) shares fell -1.70% in last trading session and ended the day on $31.22. CS return on equity ratio is recorded as 8.60% and its return on assets is 0.40%. Credit Suisse Group AG (ADR) (NYSE:CS) yearly performance is 16.49%.

Bank of America Corp (NYSE:BAC) said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal charges. Bank of America Corp (NYSE:BAC) shares moved down -1.59% in last trading session and was closed at $16.13, while trading in range of $15.78 – $16.22. Bank of America Corp (NYSE:BAC) year to date (YTD) performance is 3.66%.

Yahoo! Inc. (NASDAQ:YHOO) announced the nomination of three new members to the company’s board of directors. Shareholders will vote on the nominees at the company’s annual meeting on 25 June. Yahoo! Inc. (NASDAQ:YHOO) weekly performance is 4.24%. On last trading day company shares ended up $36.35. Yahoo! Inc. (NASDAQ:YHOO) distance from 50-day simple moving average (SMA50) is -1.61%. Analysts mean target price for the company is $40.83.

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