Heavy Trading in These Shares This Morning

Wall St. Watchdog reveals information about today’s heavily traded shares in the morning.

  • Bank of America Corp (NYSE:BAC): 78.46 million shares have traded hands and its market capitalization is $69.12 billion. About the equity: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  • SPDR S&P 500 ETF (AMEX:SPY): 36.59 million shares have traded hands and its market capitalization is $83.80 billion. About the equity: SPDR S&P 500 ETF Trust is a unit investment trust incorporated in the United States. The Trust consists of a portfolio representing all 500 stocks in the S&P 500 Index.
  • Financial Select Sector SPDR (AMEX:XLF): 23.15 million shares have traded hands and its market capitalization is $5.18 billion. About the equity: Financial Select Sector SPDR Fund is an exchange-traded fund incorporated in the USA. The Fund’s objective is to provide investment results that, before expenses, correspond to the performance of The Financial Select Sector. The Index includes financial services firms whose business’ range from investment management to commercial & business banking.
  • Morgan Stanley (NYSE:MS): 22.01 million shares have traded hands and its market capitalization is $33.55 billion. About the equity: Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.
  • Citigroup Inc. (NYSE:C): 20.58 million shares have traded hands and its market capitalization is $90.40 billion. About the equity: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Abbott Laboratories (NYSE:ABT): 16.93 million shares have traded hands and its market capitalization is $84.20 billion. About the equity: Abbott Laboratories discovers, develops, manufactures, and sells a broad and diversified line of health care products and services. The Company’s products include pharmaceuticals, nutritional, diagnostics, and vascular products. Abbott markets its products worldwide through affiliates and distributors.
  • Nuance Communications Inc. (NASDAQ:NUAN): 16.38 million shares have traded hands and its market capitalization is $7.37 billion. About the equity: Nuance Communications, Inc. provides speech and imaging solutions for businesses and consumers around the world. The Company’s products include a speech recognizer, call steering, and a product that converts text into speech.
  • Alcatel-Lucent (NYSE:ALU): 15.96 million shares have traded hands and its market capitalization is $6.25 billion. About the equity: Alcatel-Lucent manufactures telecommunications equipment, and offers telecommunications services. The Company’s telecommunications equipment and services enable its customers to send or receive virtually any type of voice or data transmission. Alcatel-Lucent designs and builds public and private networks, communications systems and software, and data networking systems.
  • JPMorgan Chase & Co. (NYSE:JPM): 13.23 million shares have traded hands and its market capitalization is $127.53 billion. About the equity: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ): 12.45 million shares have traded hands and its market capitalization is $48.53 billion. About the equity: PowerShares QQQ is an exchange-traded fund incorporated in the USA. The Fund represents undivided ownership interests in the PowerShares QQQ. The Fund’s objective is to provide investment results that generally correspond to the price and yield performance of the component securities of the Nasdaq 100 Index.

(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)

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