After-Hours Movers 10/06: BofA (BAC) Lower On Lower Earnings, Capital Raise, Dividend Cut
More News related to BAC
- Top 10 News Items 11/30-12/04: Non-Farm Payrolls Much Better-Than-Expected, Comcast to Take 51% Stake in NBC Universal, BofA to Repay $45B in TARP Funds
- Notable Analyst Rating Changes 12/04: BAC, SNV, FSLR, AKAM Upgraded; TTWO, SWHC, AKS, NFLX Downgraded
- Option volume leaders today according to Track Data are: BAC GE AAPL INTC.
- S&p Raises Bank of America's (BAC) Preferred-Stock Rating
- Bank of America Announces Pricing of Common Equivalent Securities
More News related to C
- Who's Next to Payback TARP after BofA?
- Citi Private Bank Announces Key Hires
- Active equity option families in first 30 minutes of trading according to Track Data are: BAC C JPM GE.
- New Citi Survey Finds South Dakotans Making Significant Spending and Savings Changes but Generally Positive about America's Economic Future
- Financial Group Moving Higher Amid BofA TARP Repayment News (BAC, C, WFC, XLF, FAS)
More News related to CCC
- Janney Montgomery Scott Initiates Coverage on Calgon Carbon (CCC) with a Neutral
- Calgon Carbon (CCC) To Buyout Mitsubishi Chemical's 51% Stake in Calgon Mitsubishi Chemical Corp.
- Calgon Carbon Announces Entry Into Memorandum of Understanding
- Calgon Carbon Corporation to Host Antidumping Duty Margins Conference Call
- Calgon Carbon (CCC) Posts Q3 EPS of $0.25, Tops the Street
More News related to Special Reports
- Top 10 News Items 11/30-12/04: Non-Farm Payrolls Much Better-Than-Expected, Comcast to Take 51% Stake in NBC Universal, BofA to Repay $45B in TARP Funds
- Trading Radar for 12/7: Kroger (KR), Pep Boys (PBY), Krispy Kreme (KKD), Casey's General Stores (CASY) Report
- Unusual 11 Mid-Day Movers 12/04: BIG, FLOW, SNV, OCLS Higher; TTWO, ZIOP, VSNT, SWHC Lower
- Notable ETF Movers 12/04: UUP, UNG Up; XME, GDX, GLD, SLV Down
- Notable Analyst Rating Changes 12/04: BAC, SNV, FSLR, AKAM Upgraded; TTWO, SWHC, AKS, NFLX 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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