Bank of America and 2 Stocks Leading the DJIA Higher
The Dow Jones Industrial Average (NYSEARCA:DIA) is up today 0.74% and stands at 12,259. These stocks are are making the biggest moves to the upside ahead of the long holiday weekend.
Bank of America (NYSE:BAC) has already shelled out $33.2 billion in losses related to its home loan unit that it purchased in early, 2008 and it could face another $20 billion, bank analyst Dick Bove says in a note. BAC shares recently traded at $5.55, up $0.08, or 1.46%. They have traded in a 52-week range of $4.92 to $15.31. Volume today was 135,164,320 shares versus a 3-month average volume of 270,679,000 shares. The company’s trailing earnings are $-0.31 per share.
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McDonald’s (NYSE:MCD) is closing out an incredible 2011 with an approximately 30 percent return. MCD shares recently traded at $99.93, up $1.33, or 1.35%. They have traded in a 52-week range of $72.14 to $99.50. Volume today was 2,036,100 shares versus a 3-month average volume of 6,077,690 shares. The company’s trailing P/E is 19.60, while trailing earnings are $5.10 per share.
Verizon (NYSE:VZ) is up after a Wells Fargo note the Apple (NASDAQ:AAPL) iPhone is both a customer draw and–at least initially–a margin killer for telecom companies. VZ shares recently traded at $39.93, up $0.64, or 1.63%. They have traded in a 52-week range of $32.28 to $39.49. Volume today was 8,623,532 shares versus a 3-month average volume of 15,027,200 shares. The company’s trailing P/E is 16.06, while trailing earnings are $2.49 per share.
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