US second largest bank, Bank of America Corp. (NYSE:BAC) got official queries from controllers pressing their investigation into the probable rigging of a critical international lending benchmark.
The bank got official orders and appeals for information from the US Department of Justice, Commodity Futures Trading Commission and UK Financial Services Authority, the bank reported on Thursday in a filing. Bank of America also stated that controllers have demanded whether the bank appropriately managed vendors who sold identity-theft security products to its customers.
Its competitors include JPMorgan Chase & Co. (NYSE:JPM) which has market capitalization of 133.53 billion with 3.80 billion outstanding shares and Citigroup Inc. (NYSE:C) possessing market capitalization of 76.77 billion with 2.93 billion outstanding shares.
Other financial stocks include Knight Capital Group Inc. (NYSE:KCG) whose market capitalization remained 253.38 million, MGIC Investment Corp. (NYSE:MTG) with a market cap. Of 177.81 million, Chimera Investment Corporation (NYSE:CIM) having market capitalization of 2.21 billion, Wells Fargo & Company (NYSE:WFC) with a market capitalization of 175.89 billion, Genworth Financial Inc (NYSE:GNW) with 2.03 billion and Regions Financial Corporation (NYSE:RF) with market capitalization of 9.50 billion.
Bank of America Corp (NYSE:BAC) stock in current session held volume of 91.04 million shares as compare to its average volume of 139.32 million shares. The stock after opening at $7.30 hit high price of $7.49 and then trading at $7.44 by scoring +3.62%.
As the revenue measures BAC generated revenue of 60.72 billion in the following twelve months income of $9.87 billion. The Company showed a positive 11.62% in the net profit margin and in addition to in its operating margin which remained 14.07%. Company’s annual sales growth for the past five year was -3.36%.
The stock showed weekly upbeat performance of 0.14% which was maintained for the month at -10.92%. Likewise the negative performance for the quarter was recorded as -10.14% and for the year was -24.34% while the YTD performance remained at 29.37%.
The BAC past twelve months price to sales ratio was 1.27 and price to cash ratio remained 0.63. As far as the returns are concern, the BAC return on equity was recorded as 4.67% while its return on asset stayed at 0.51%.
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