After-Hours Movers 10/06: BofA (BAC) Lower On Lower Earnings, Capital Raise, Dividend Cut
More News related to BAC
- Option volume leaders today according to Track Data are: C EBAY AAPL BAC.
- BofA's Ken Lewis Sees Crisis 'Abating', But Says Banking Has 'Some Way to Go' to Recover
- Copano Energy to Present at the Bank of America/Merrill Lynch 2009 Energy Conference
- Bank of America Extends Nearly $184 Billion in Credit in Third Quarter
- Carriage Services Amends and Extends Credit Facility
More News related to C
- Option volume leaders today according to Track Data are: C EBAY AAPL BAC.
- Citigroup Vice Chairman Ned Kelly to Present at the Bank of America Merrill Lynch 2009 Banking and Financial Services Conference
- A.M. Best Places Ratings of Primerica Life Insurance Company and Its Subsidiaries Under Review with Negative Implications
- Citi Releases Preliminary Results of Quarterly Foreclosure Prevention Activities in Missouri
- Rebound Continues in Third Quarter for Plans in U.S. Master Trust Universe, According to BNY Mellon Asset Servicing
More News related to CCC
- Calgon Carbon Corporation to Host Antidumping Duty Margins Conference Call
- Calgon Carbon (CCC) Posts Q3 EPS of $0.25, Tops the Street
- Calgon Carbon Announces Third Quarter Results
- Trading Radar for 10/30: Sony (SNE), Penske (PAG), Alcatel-Lucent (ALU) Report
- Calgon Carbon Third Quarter 2009 Results Conference Call
More News related to Special Reports
- After-Hours Movers 11/10: BITS, GSB, OCNF, HOO Higher; TGIC, MCZ, STV, MBLX, EM Lower
- Trading Radar for 11/11: Macy's (M), Progressive (PGR), Advanced Auto Parts (AAP), Computer Sciences (CSC) Report
- Unusual 11 Mid-Day Movers 11/10: UPG, CSII, SGK, MEDQ Higher; RHIE, OPXT, PRKR, MBI Lower
- Notable ETF Movers: PGM, XLV, SMH Up; UNG, KRE, FXI, AGQ, XME Down
- Notable Analyst Rating Changes 11/10: ADBE, ANN, FRPT, RAX Upgraded; ALU, CPST, PIKE, TRW Downgraded
StreetInsider.com After-Hours Movers:
Bank of America (NYSE: BAC) 9% LOWER; reported third quarter net income of $0.15 per share, below the consensus of $0.62 and $0.82 last year. The company also announced two initiatives to raise capital, targeting an 8 percent Tier 1 capital ratio. The company intends to sell common stock with a target of raising $10 billion. In addition, the Board of Directors has declared a quarterly dividend on common stock of $0.32 to be paid on December 26, 2008 to shareholders of record on December 5, 2008. The dividend was reduced from $0.64.
Merrill Lynch (NYSE: MER) 7% LOWER; Merger partner BofA reports smaller profit, raising capital, cuts dividend.
Sovereign Bancorp (NYSE: SOV) 4.8% LOWER; BofA reports smaller profit.
Calgon Carbon Corp. (NYSE: CCC) 3% HIGHER;will replace Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) in the S&P SmallCap 600 after the close of trading on Friday, October 10. Allscripts is undergoing a corporate restructuring that will leave it majority-controlled by S&P Global 1200 constituent Misys Plc in a deal expected to close on or about that date, pending final approvals.
Wells Fargo (NYSE: WFC) 2.4% LOWER; Wachovia, Citigroup, and Wells Fargo Announce Litigation Standstill
Citigroup (NYSE: C) 1% LOWER; Wachovia, Citigroup, and Wells Fargo Announce Litigation Standstill
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