After-Hours Movers 10/06: BofA (BAC) Lower On Lower Earnings, Capital Raise, Dividend Cut
More News related to BAC
- Bank of America (BAC) to Pay $713 Million in TARP Preferred Dividends
- Bank of America to Pay $713 Million in TARP Preferred Dividends
- Active equity option families in first 30 minutes of trading according to Track Data are: C MSFT RIMM BAC
- Bank of America Announces Limited Acceptance of California State-Issued Registered Warrants for Customers and Clients
- Banc of America Securities-Merrill Lynch Research Hires Rachel McMinn, Masha Chapman and Sarah Stinson as U.S. Biotechnology Team
More News related to C
- Citi (C) And GE (GE) Couldn't Agree Over Price In An Effort To Sell Its Credit Card Business
- Active equity option families in first 30 minutes of trading according to Track Data are: C MSFT RIMM BAC
- Lear Reaches Agreement In Principle On Consensual Debt Restructuring
- Citi (C) Raising Credit Card Rates On Millions
- Active equity option families in first 30 minutes of trading according to Track Data are: ELN INTC C F.
More News related to CCC
- Calgon Carbon (CCC) Awarded $10M Contract for Mercury Removal
- Calgon Carbon Awarded Contract for Mercury Removal
- Baird Initiates Coverage on Calgon Carbon (CCC) with an Outperform
- Calgon Carbon Awarded Contract for Drinking Water Treatment in Seoul, South Korea
- Calgon Carbon Awarded $25 Million Contract for Mercury Removal
More News related to Special Reports
- Unusual 11 Mid-Day Movers 7/2: NAVI, AVNR, ESLR, ELN Higher; DSCO, SEPR, TIVO, ILMN Lower
- Notable Analyst Rating Changes 7/2: ESLR, TTWO, CAL Upgraded; DYN, LUV, FSLR Downgraded
- Notable Mergers and Acquisitions of the Day 7/2: JNJ/ELN, FCSX/IAAC, LSTR
- Morning Movers 7/2: ELN, QUIK, ESLR Higher; DSCO, LEA, SEPR, ILMN, MANH Lower
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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