On Monday, Shares of Bank of America Corporation (NYSE:BAC), lost -5.03% to $15.29, hitting its lowest level, despite the stock received analyst upgrades from Keefe Bruyette & Woods (KBW) Monday morning.
The stock is upgrade to an Outperform rating. KBW maintained its price target at $20, adding that the downturn better aligns valuations with actual fundamental performance. The price target also implies an upside of nearly 26% from current prices.
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments.
Shares of Transocean Ltd. (NYSE:RIG), declined -4.07% to $12.26, during its last trading session, hitting its lowest level.
Transocean declared the plan for the payment of the second installment of its U.S. dollar-denominated dividend. The installment is $0.15 per share, totaling about $55 million based upon the number of presently outstanding shares. The installment represents the second of four quarterly installments totaling $0.60 per share, or about $218 million in the aggregate paid from additional paid-in capital (“APIC”), approved by shareholders at the company`s 2015 Annual General Meeting.
Dividend Plan - Second Installment
- August 21, 2015 - Ex-Dividend Date
- August 25, 2015 - Record Date
- September 23, 2015 - Installment Payment Date
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Finally, MasterCard Incorporated (NYSE:MA), ended its last trade with -3.14% loss, and closed at $87.83.
MasterCard Incorporated relative strength index stands at 27.94. MasterCard Inc (MA) has a price to earnings ratio of 27.82 as compared to Financial sector average of 16.81. MasterCard Inc is presently valued at $102.66 billion. The stock has a 50-day moving average of $96.09 and a 200-day moving average of $91.95.
First Tech Federal Credit Union declared a pilot program with MasterCard that will enable First Tech employees to authenticate and verify transactions using facial recognition and fingerprint biometrics.
Dubbed “Selfie Pay,” by industry observers, this initial test will be conducted in a closed environment where First Tech employees will use artificial funds and biometrics. The pilot will test the potential of delivering greater security and convenience to First Tech’s U.S. cardholders by verifying identity via facial photographs or fingerprint scans conducted on smartphones. This technology will enhance the ease and convenience that Americans have come to expect when using credit and debit cards for online purchases while leveraging advanced technologies to assist ensure payment security.
The pilot program will run in September and October and comprise over 200 credit union employees. Pilot participants will use smartphone apps to make virtual donations to the Children’s Miracle Network (CMN) Hospitals, all authenticated by facial recognition or fingerprint biometrics. MasterCard and First Tech are proud to support CMN Hospitals, a nonprofit organization raising funds and awareness for 170 children’s hospitals across North America.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services.
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