Bank of America and 2 Stocks Crushing the DJIA
The Dow Jones Industrial Average (NYSEARCA:DIA) is down today 1.4% and stands at 11333.33. These stocks are getting hit particularly hard.
Bank of America Corporation (NYSE:BAC): Bank of America is suffering from the new round of stress tests announced by the Fed, and is scraping up against its 52-week low of $5.13 in line with a general selloff. The examination could force BAC into a large capital raise at the time its stock price won’t allow it. BAC shares recently traded at $5.18, down $0.19, or 3.54%. Its market capitalization is $52.45 billion. They have traded in a 52-week range of $5.13 to $15.31. Volume today was 138,907,164 shares versus a 3-month average volume of 291,032,000 shares. The company’s trailing earnings are $-0.31 per share.
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Hewlett-Packard Company (NYSE:HPQ): H-P remains lower following its FQ4 report. Bulls are trumpeting H-P’s enterprise opportunities and low valuation, while bears are downbeat on near-term issues and management’s credibility. Arik Hesseldahl views Meg Whitman’s CC remarks about H-P halting its M&A binge as a mixed blessing, given its “uncertain organic growth.” But the 2010 acquisition is worth noting and the 3PAR had another quarter of 100%+ growth. HPQ shares recently traded at $25.78, down $0.87, or 3.26%. Its market capitalization is $51.22 billion. They have traded in a 52-week range of $21.50 to $49.39. Volume today was 13,749,859 shares versus a 3-month average volume of 25,131,000 shares. The company’s trailing P/E is 6.05, while trailing earnings are $4.26 per share.
JPMorgan Chase & Co. (NYSE:JPM): Banks and government officials are working on an $18.5B deal. The deal hinges on settling claims over problematic foreclosure practices that would exclude California, which left the talks in September, the WSJ reports. The sum would rise to $25B, should the state return. JPM shares recently traded at $28.71, down $0.7, or 2.38%. Its market capitalization is $109.03 billion. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 20,726,418 shares versus a 3-month average volume of 46,014,100 shares. The company’s trailing P/E is 6.12, while trailing earnings are $4.69 per share.
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