Bank of America Not Strong Enough, Goldman Sachs Execs Exposed to Insider Trading Case

Bank of America Corporation (NYSE:BAC): BofA — functioning under a memorandum of understanding since May 2009 — is trying to assure regulators it has done what is needed to make the bank stronger. Regulators admonish of a possible public enforcement action if BofA does not make further progress on MOU compliance, say sources. BAC shares recently traded at $5.39, down $0.1, or 1.82%. Its market capitalization is $54.63 billion. They have traded in a 52-week range of $5.13 to $15.31. Volume today was 160,100,120 shares versus a 3-month average volume of 293,008,000 shares. The company’s trailing earnings are $-0.31 per share. Get the most recent company news and stock data here >>

The Goldman Sachs Group, Inc. (NYSE:GS): Testimony may be requested from Goldman Sachs CEO Lloyd Blankfein and CFO David Viniar in the insider-trading case of ex-board member Rajat Gupta. Charges were recently made against Gupta for disclosing insider information to Raj Rajaratnam. Following a high-profile trial, Rajaratnam was sentenced in October to 11 years in prison. GS shares recently traded at $89.85, down $1.45, or 1.59%. Its market capitalization is $44.23 billion. They have traded in a 52-week range of $84.27 to $175.34. Volume today was 3,699,510 shares versus a 3-month average volume of 8,242,950 shares. The company’s trailing P/E is 13.67, while trailing earnings are $6.57 per share. Get the most recent company news and stock data here >>