Financial sector stocks reacted negatively on Monday’s trading session and sector plunged -0.69%. If we look at the top movers of the sector so TIB Financial Corp (NASDAQ:TIBB) and SLM Corp (NASDAQ:SLM) was major percentage gainer while major percentage Losers was Synovus Financial Corp (NYSE:SNV).
Bank of America Corp’s (NYSE:BAC) head of European equities strategy Gary Baker is being substituted by John Bilton amid a restructuring of the company’s research department, as said by 3 persons with direct knowledge of the action.
The people, who refused to be identified as the quit has not been made public, stated that Baker told colleagues late previous week in an e-mail that he was quitting.
Bank of America Corp YTD performance was recorded as +54.87% while its market capitalization was 92.47 billion. The company has P/B ratio of 0.39 while P/E ratio was booked as 9.33. Institutional ownership owns 53.96% shares of the company while beta factor, which is used to measure riskiness of the security, was 2.35. Net profit margin of the company was 11.62%.
Chief Financial Officer of WellPoint, Inc (NYSE:WLP) Wayne Deveydt reported, after 2 weeks of Angela Braly quit from WellPoint as CEO, that the management team she establish has been told by the board it will stay. Shares of the company plunged.
WellPoint, Inc has market capitalization of 19.33 million. Its debt to equity was 0.47 while its shares were looking forward SMA 50 with +1.36. The company offered earning per share of 7.32 while its 325.19 million shares were outstanding. YTD performance of the stock was -9.03%.
Another stock of the similar sector Morgan Stanley (NYSE:MS) has the market capitalization of 32.81 billion. The company EPS was 1.23 while its 1.98 billion shares were outstanding. Its institutional ownership was 60.42%. Shares of the company were moving ahead of SMA 50 with +16.45% while its YTD performance was +1.81%.
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