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Los Angelas, CA -- (SBWIRE) -- 10/24/2012 -- Bank of America Corporation (NYSE:BAC) announced third-quarter 2012 net income of US$340 million , compared with net income of US$6.2 billion (or US$0.56 per diluted share), in the same quarter of 2011. Bank of America shares began the trading session with a price of US$9.44 and throughout the session plunged to a low of US$9.28. When day-trade ended, the stock finally dipped 1.99% to US$9.36. In the past 52 weeks, Bank of America share prices have been bracketed by a low of US$4.55 and a high of US$13.34, and are now at US$7.91 (74% above that low price). The last session's volume of 160.40 million shares was very close to the 30-day average volume of 158.94 million shares. Bank of America's market capitalization after the recent close was US$100.88 billion. Investors may want to find out where BAC will go from here.
Can BAC Extend Rally? Find Out Here
EMC Corporation (NYSE:EMC) and its subsidiaries develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC Corporation (NYSE:EMC) is reporting for the quarter ending September 30, 2012. The computer storage company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.34. This value represents a 9.68% increase compared to the same quarter last year. EMC missed the consensus earnings per share in the 2nd calendar quarter by -3.03%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for EMC is 17.63 vs. an industry ratio of -5.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Can EMC Recover Its Previous Top Position? Find Out Here
Shares of A123 Systems, Inc.(NASDAQ:AONE) jumped another 54% to $0.19 in Monday’s session, extending its recovery to 280% from the recent low of $0.05. The automotive operations of A123 Systems, Inc.(NASDAQ:AONE) will be bought by Johnson Controls Inc. The battery maker will be acquiring not just the business assets but also the customer contacts, products and the automotive technology from the Waltham, Massachusetts based company, which specializes in making lithium-ion batteries.
Has AONE Found The Bottom and Ready To Move Up? Find Out Here
AT&T Inc.(NYSE:T) dropped 1% or 38 cents to $34.62 after the telecommunication company reported sales in the third quarter ending in September flat of $31.46 billion from the same period of last year. Net income in the quarter edged up 0.3% to $3.64 billion or 63 cents a diluted share compared to $3.62 billion or 61 cents a share a year ago. The company said wireless data revenues climbed 18.3% and revenues of U-verse jumped 38.3% and strategic business services revenues increased 11.4%.Smart phone sales in the quarter was 6.1 million and postpaid smart phone customer base rose 1.4 million to 44.5 million from second quarter 2012. The new iPhones activations in the quarter were 4.7 million and the wireless operating income margin were 26.2%.
Can T Recover Its Previous Top Position? Find Out Here
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