On Friday, Shares of Bank of America Corp (NYSE:BAC), gained 2.19% to $15.89.
Bank of America declared the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on October 30 to shareholders of record as of October 1.
The board authorized a regular quarterly cash dividend of $0.40625 per depositary share on the 6.50 percent Non-Cumulative Preferred Stock, Series Y. The dividend is payable on October 27 to shareholders of record as of October 1.
Also, the board authorized a regular semi-annual cash dividend of $32.50 per depositary share on the Fixed-to-floating Rate Non-Cumulative Preferred Stock, Series Z. The dividend is payable on October 23 to shareholders of record as of October 1.
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with a range of banking, investing, asset administration and other financial and risk administration products and services.
Shares of Bellerophon Therapeutics Inc (NASDAQ:BLPH), inclined 69.35% to $6.30, during its last trading session.
Bellerophon Therapeutics declared changes to its leadership team to align with the Company’s focus of progressing its nitric oxide therapy program for patients suffering from Pulmonary Hypertension (PH), using Bellerophon’s proprietary INOpulse(R) delivery system.
The Company’s new leadership team, effective right away, comprises of:
- Jonathan Peacock, Chairman and Chief Executive Officer
- David Abrams, Principal Financial Officer
- Martin Dekker, Head of Device Engineering and Supply
- Amy Edmonds, Head of Clinical Operations and Administration
- Peter Fernandes, Chief Regulatory and Safety Officer
- Deborah A. Quinn, M.D., Chief Medical Officer
Bellerophon Therapeutics, Inc. is a clinical-stage therapeutics company. The Company is focused on developing products at the intersection of drugs and devices that address medical needs in the treatment of cardiopulmonary and cardiac diseases.
Shares of Mylan NV (NASDAQ:MYL), declined -4.25% to $43.62, during its last trading session.
Mylan believes that the Perrigo suit filed in Israel recently is entirely without merit and that Mylan’s offer in Israel is valid and proper in all respects.
With that said, Perrigo’s efforts are entirely futile, as all Perrigo shareholders—institutional and retail, counting those in Israel—have always been free to switch their holdings at any time from the Tel Aviv Stock Exchange (TASE) to the New York Stock Exchange (“NYSE”), through a simple, fully automated, well-established system by notifying their broker. As a result, shareholders can take part fully in Mylan’s compelling offer without regard to any lawsuits in Israel or any other frustrating actions pursued by Perrigo in Israel.
Further, as Mylan has formerly stated publicly, it has been our intent and desire to list Mylan’s shares on the TASE to maintain liquidity in Israel for the convenience of those shareholders in Israel who prefer to trade on the TASE, and Mylan is already well-advanced in the process of submitting its application to the TASE and the Israel Securities Authority, and is committed to ongoing to work closely with these parties to complete this process.
Mylan N.V., formerly Mylan Inc., is a global pharmaceutical company, which develops, licenses, manufactures, markets and distributes generic, branded generic and specialty pharmaceuticals. Mylan operates in two segments: Generics and Specialty.
Finally, Paypal Holdings Inc (NASDAQ:PYPL), ended its last trade with -0.41% loss, and closed at $33.77, after analysts at Canaccord Genuity started coverage on the payment services company with a “buy” rating and a $43 price target.
“We expect PayPal to continue its steady growth trajectory, benefiting from the long-term shift to cashless payments and continued eCommerce growth,” analysts said.
Specifically, the company should benefit from its recently-launched payments service “One Touch,” analysts noted.
However, one risk is that its separation from eBay (EBAY) could lead to “slower account growth,” according to the firm’s note.
PayPal Holdings, Inc. (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables.
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