On Thursday, Shares of Bank of America Corporation (NYSE:BAC), lost -0.89% to $16.78, as financial stocks ended mostly lower with the NYSE Financial Sector Index sinking about 0.8% and the S&P Financial 100 Index also falling 0.8%.
Bank of America Corporation, attained the volume of 61,025,453 shares as compared to its average volume of 74,765,500 shares and hold the market capitalization of 176.23B.
Bank of America Corporation, through its auxiliaries, provides banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, large corporations, and governments worldwide.
Shares of The Wendy’s Company (NASDAQ:WEN), declined -2.01% to $11.24, during its last trading session.
The Wendy’s Company, declared that its Board of Directors has authorized a new $1.4 billion share repurchase program. The Company also updated its 2015 and long-term outlook to reflect the anticipated impact of the repurchase program, its recently accomplished refinancing and the sale of its bakery operations.
The Company’s Board of Directors authorized a new share repurchase program for up to $1.4 billion of the Company’s common stock (or about 30 percent of the Company’s market capitalization as of May 29, 2015) through the end of 2016.
The Company intends to repurchase shares with existing cash on its balance sheet, cash flow from operations, net proceeds of about $925 million from its recently accomplished securitization refinancing, predictable pretax proceeds of about $400 to $475 million (about $350 million after tax) from the third phase of its system optimization initiative and after-tax proceeds of about $50 million from the sale of its bakery operations.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of May 26, 2015, its restaurant system comprised of about 6,500 franchised and company-operated restaurants worldwide.
At the end of Thursday’s trade, Shares of American Eagle Outfitters, Inc. (NYSE:AEO), gained 2.67% to $16.91.
American Eagle Outfitters, declared a quarterly cash dividend of $0.125 per share, marking the company’s 44th successive quarterly dividend. The $0.125 dividend was declared on June 4, 2015 and is payable on July 20, 2015 to stockholders of record at the close of business on July 6, 2015.
American Eagle Outfitters, Inc. operates as a retailer of apparel and accessories in the United States and internationally. The company’s stores offers denims, pants, shorts, sweaters, fleece, outerwear, graphic T-shirts, footwear, and accessories for 15 to 25 year old men and women under the American Eagle Outfitters brand name; and intimates and personal care products for women the aerie brand name.
Finally, The Gap, Inc. (NYSE:GPS), ended its last trade with 0.81% gain, and closed at $38.59.
The Gap, stated that net sales for the four-week period ended May 30, 2015 were $1.25 billion contrast with net sales of $1.27 billion for the four-week period ended May 31, 2014.
“We’re happy with Old Navy’s continued momentum and we remain focused on consistently delivering higher levels of performance across our portfolio,” said Sabrina Simmons, chief financial officer, Gap Inc.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
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