- Posted June 9, 2012 by
This iReport is part of an assignment:
5 Biggest stars on Wall Street in last week
Money Never Sleeps - This is a main symbol of Wall Street, where money and people never sleeps, where world capital moves from around the world. Interests in wall street rises in every year, time to time and day to day, but all are interesting where to invest, in which stocks and how long time will take wait for profit?
To explain it i will present 5 big stocks on wall street:
Wells Fargo & Company (NYSE:WFC): According to Financial Times, the 19 largest U.S. banks are at least $50B from reaching the Fed’s new capital requirements under Basel III accords, while smaller U.S. banks are nearly $10B short. The Fed previously stated that most banks should find it possible to reach the requirements by retaining earnings without having to increase capital. Last trade price: 31.43 $ and 31.50 in After-Hours trade.
General Electric Company (NYSE:GE): Democratic Senate Majority Leader Harry Reid suggested two items from a previous Senate bill be used in order to gain the revenue required to prevent the doubling of interest rates on student loans. The Washington Post says that the guidelines, previously included in a highway bill Senate passed but House stalled, would lower the amount of tax deductions that businesses cold take from pension liabilities, and raise premiums companies must pay for federal pension insurance. Republican Senate Minority Leader Mitch McConnell stated that the GOP would examine the proposal. The proposal could impact General Electric’s financing unit. GE Stock price: 19.20 $ and in After-Hour trade: 19.24 $
Microsoft Corporation (NASDAQ:MSFT): Chris Mellor writes that Microsoft is ”Taking the fight right to Amazon (NASDAQ:AMZN)” after the company’s Azure cloud storage team announced the slashing of prices by 90%, dropping 100K transactions to $0.01, and adding new features.
Citigroup Inc. (NYSE:C): Reuters reports that because of concerns in regards to Universal Music’s (VIVHY) interest in a $1.9B purchase of EMI’s (NYSE:C) recorded music division, EU competition regulators are constructing a “statement of objections.” This pressures Universal to offer concessions in order to gain the EU’s acceptance of the deal. Stock price: 29.65 $ and After-Hour trade: 29.68
Bank of America Corporation (BAC) - Most active stock with whole volume in last week. Price: 7.65 $ and after-hour price: 7.65 $
By Personal Financial and Investment Consultant - Irakli Berdzenadze