On Tuesday Bank of America Corporation (NYSE:BAC) share price closed at $15.35. Company net profit margin stands at 26.10% whereas its return on equity (ROE) is 5.30%. Bank of America Corporation (NYSE:BAC) is -14.29% away from its 52 week high.
Bank of America Corporation (NYSE:BAC) eliminated about 30 technology and operations positions in Charlotte Tuesday. The Charlotte-based bank says the layoffs reflect the company’s ongoing simplification efforts. BofA continues to reduce headcount across the company. The bank cut about 10,000 jobs in 2015, according to The Wall Street Journal. The company’s chairman and CEO Brian Moynihan has said 60% of the bank’s expenses come from people.
Chesapeake Energy Corporation (NYSE:CHK) traded 64.47 Million shares and its share price moved up 6.08% to close at $6.46. Company has 0.90% insider ownership. Chesapeake Energy Corporation (NYSE:CHK) quarterly performance is 59.51% while its year to date (YTD) performance is 43.56%.
On 17 August, Chesapeake Energy Corporation (NYSE:CHK) announced that it successfully priced its proposed term loan and, as a result of strong demand, has upsized the term loan to $1.5 billion from a previously announced size of $1.0 billion. The term loan is being arranged by Goldman Sachs Bank USA, Citigroup Global Markets Inc. and MUFG as joint lead arrangers. Chesapeake intends to use the net proceeds of the loan to finance tender offers for its unsecured notes, with any remaining proceeds used for further debt repayments and other general corporate purposes. Chesapeake expects this financing and the tender offers to improve its financial flexibility by reducing its near-term maturing debt.
On Tuesday shares of Citigroup Inc. (NYSE:C) ended up at $46.59. This year Company’s Earnings per Share (EPS) growth is 146.10% and next year’s EPS growth is 11.93%. Beta of Citigroup Inc. (NYSE:C) is 1.91 while company weekly performance is -0.06%.
Citigroup Inc. (NYSE:C) mistakenly sent e-mails to some active Costco Wholesale Corp. members telling them their wholesale club membership had lapsed and that their cards would be canceled, bringing a fresh headache to the new partnership. The e-mails, sent Friday, were meant for Costco customers who hadn’t renewed their memberships. The bank promptly alerted affected customers that their accounts remain active, and just a “small portion” of Costco cardholders received the errant communications, Jennifer Bombardier, a Citigroup spokeswoman, said Monday in a statement.
KeyCorp (NYSE:KEY) fell -0.33% to close at $12.14 on 23 August. Its return on assets (ROA) is 0.80% while return on investment (ROI) is 9.10%. KeyCorp. (NYSE:KEY) price to sales (P/S) ratio is 4.86.
On 21 August, KeyCorp (NYSE:KEY) announced Thursday that it has hired more than 50 new bankers, portfolio managers, and servicing officers from First Niagara Financial Group across the country. The move follows the recent closing of KeyCorp’s $3.7 billion acquisition of First Niagara. The employees will work in KeyBank Real Estate Capital’s income property, community development lending, health care, and servicing groups. Key said the First Niagara team brings it more than $6 billion in commercial real-estate loan commitments.
On 23 August The Coca-Cola Company (NYSE:KO) ended the day at $43.85. Company net profit margin stands at 17.60% whereas its return on equity (ROE) is 29.50%. The Coca-Cola Company (NYSE:KO) is -6.25% away from its 52 week high.
The Coca-Cola Company (NYSE:KO) declared a regular quarterly dividend of 35 cents per common share. The dividend is payable Oct. 3, 2016 to shareowners of record as of Sept. 15, 2016. The Board earlier this year approved the company’s 54th consecutive annual dividend increase, raising the quarterly dividend 6 percent from 33 cents to 35 cents per common share. This is equivalent to an annual dividend of $1.40 per share, up from $1.32 per share in 2015.