On Monday, in the course of current trade, Shares of Wells Fargo & Company (NYSE:WFC), dropped -0.21%, and is now trading at $55.84.
The stock has price to sale ratio of 6.02, however, price to book ratio is 1.73. With recent decline, the year-to-date (YTD) performance reflected a 3.45% incline above last year. During the past month the stock gained 1.59%, bringing three-month performance to 2.83% and six-month performance to 5.25%. The mean recommendation of analysts for this stock is 2.60. (where 1=Buy, 5=Sale).
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
During an Early trade, Shares of Zynga, Inc. (NASDAQ:ZNGA), gained 0.34%, and is now trading at $2.96.
On May 6, Zynga, declared financial results for the first quarter ended March 31, 2015.
Business and Audience Highlights
- Outperformed high end of Q1’15 outlook with bookings of $167.4 million, Adjusted EBITDA of $2.1 million and Non-GAAP net loss of $6.7 million in the first quarter of 2015.
- Continued to make progress in our transition to mobile, with mobile bookings now 63% of total bookings in the first quarter of 2015 — up 84% year over year.
- Grew average daily bookings per average DAU (ABPU) 18% year over year.
- Drove mobile audience growth, with first quarter mobile daily users up 18% year over year and 9% sequentially and mobile monthly audience up 29% year over year and 9% sequentially.
- Ongoing efforts to grow and sustain Zynga’s core franchises — FarmVille, Zynga Casino and Words With Friends — resulted in 28% aggregate growth year over year in terms of first quarter bookings across the franchises.
- Zynga Casino franchise delivered bookings growth of 55% year over year and 14% sequentially.
- In the first quarter 2015, we reached the mobile Action Strategy and mobile Match 3 categories with the geo-lock launches of Dawn of Titans, Empires & Allies and FarmVille: Harvest Swap.
Zynga Inc. develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States, Asia, and Europe.
Shares of BlackBerry Limited (NASDAQ:BBRY), during its Monday’s current trading session fell -2.50%, and is now trading at $9.56.
BlackBerry Limited, declared that BlackBerry and Typo Products LLC, Typo Innovations LLC, Show Media LLC, Hallier Investments LLC, and Laurence Hallier have settled their outstanding legal disputes, counting BlackBerry Limited v. Typo Products LLC et al. (Case No. 3:14-cv-00023-WHO) and BlackBerry Limited v. Typo Products LLC et al. (Case No. 3:15-cv-00715-WHO), both pending in the United States District Court for the Northern District of California.
As part of the settlement, Typo Products LLC, Typo Innovations LLC, Show Media LLC, Hallier Investments LLC, and Laurence Hallier have agreed to permanently discontinue selling anywhere in the world keyboards for smartphones and mobile devices with a screen size of less than 7.9 inches. Typo Products LLC, Typo Innovations LLC, Show Media LLC, Hallier Investments LLC, and Laurence Hallier may continue to sell keyboards for devices with a screen size of 7.9 inches or larger. Other terms of the settlement are confidential.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
Finally, Alpha Natural Resources, Inc. (NYSE:ANR), gained 0.58% Monday, hitting its lowest level.
Alpha Natural Resources, and its operating associate, Alpha Coal West, Inc., have been notified by the Wyoming Department of Environmental Quality’s Land Quality Division (LQD) that the LQD believes the companies “no longer qualify under the self-bonding program” in the State. Alpha disagrees with LQD’s assessment, continues to believe it has fully complied with the regulations, and is presently reviewing all options to reverse or rectify this flawed judgment by the LQD.
In each annual self-bond renewal process, Alpha has determined its compliance status by consistently following a methodology prescribed by state regulations, and it has shared these calculations with the LQD as a part of each renewal application. The LQD has never formerly commented on Alpha’s calculation methodology. At the request of the LQD, Alpha also recently offered supplemental fiscal information to the division for its review. However, despite repeated attempts to gain clarity from the LQD regarding any changes the division has made in interpreting these regulations, numerous questions remain unanswered that Alpha believes should have been addressed preceding to any determination being made. According to the LQD’s notification, Alpha now has 90 days to provide substitute bonding.
Alpha estimates that self-bonding by coal companies presently operating in Wyoming totals about $2 billion, of which Alpha’s share is just over $400 million. According to the Wyoming Mining Association, Wyoming is home to 9 of the top 10 producing mines in the nation and coal production provides the State’s second largest source of tax revenue for state and local governments (estimated at over $1.1 billion in 2013 alone).
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming. It operates through two segments, Eastern Coal Operations and Western Coal Operations.
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