BofA POPS 6% and 4 Hot Stocks Rocking Now
Bank of America (NYSE:BAC): According to the analysis by Financial Times of trends at 13 large international banks, banks have been paying more staff costs relative to profit but cut the portion of income paid out in dividends since the financial crisis.
Apple Inc. (NASDAQ:AAPL): Reuters reports, Apple plans to open flagship stores in Chengdu and Shenzhen, China, while the company contests a Chinese company over the iPad’s trademark. Currently, Apple has five stores in China, three in Shanghai and two in Beijing.
Facebook, Inc. (NASDAQ:FB): The Wall Street Journal reports that today, Nasdaq OMX (NASDAQ:NDAQ) will explain the manner in which it will compensate financial firms for losses over $100M as a result of the technical issues that effected Facebook’s trading debut. Though brokers and market-makers are underwhelmed, the exchange has currently allocated $13.7M and could offer a dicount on trading fees.
AT&T, Inc. (NYSE:T): Jefferies believes that the iTV is in labs at AT&T (NYSE:T) and Verizon (NYSE:VZ), most likely using U-Verse and FiOS TV. Jefferies maintains its Buy rating on shares of Apple with an $800 price target.
Nokia Corporation (NYSE:NOK): According to Reuters, Nokia (NYSE:NOK) has revealed its first three basic phone models equipped with large touch screens as an attempt to meet consumer demand. Though the Asha 306 and Asha 311 models will not be available until next quarter, the Asha 305 will be available this month for $78.52, not including subsidies and taxes.
Don’t Miss: This is How Apple Will Take Over China.
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