Top News: Bank of America (NYSE:BAC), PNC Financial Services Group (NYSE:PNC), Abbott Laboratories (NYSE:ABT), Linear Technology (NASDAQ:LLTC)



One of the unsettled questions from the financial crisis is whether the big banks have paid enough to cover the mortgage abuses they committed before the market collapsed. A settlement announced Wednesday that involves Bank of America Corp (NYSE:BAC) indicates that, in some cases, the banks could have been made to pay more than they have. Bank of America Corp (NYSE:BAC) stock performance was -1.59% in last session and finished the day at $16.13. Traded volume was 172.95million shares in the last session and the average volume of the stock remained 108.16million shares. The beta of the stock remained 1.86. Bank of America Corp (NYSE:BAC) insider ownership is 0.03%.

PNC Financial Services Group Inc (NYSE:PNC) reduced the amount of money it set aside to cover bad loans to $3.53 billion compared with $3.83 billion for the first quarter of last year. PNC Financial Services Group Inc (NYSE:PNC) rose 2.71 percent to $84.38 Wednesday on volume of 4.32million shares. The intra-day range of the stock was $82.40 to $84.65. PNC Financial Services Group Inc (NYSE:PNC) has a market capitalization of $45.06billion.

Piramal Enterprises today said it will buy a 20 per cent stake in financial-services company Shriram Capital for Rs 2,014 crore. Ajay Piramal sold his pharmaceuticals business to Abbott Laboratories (NYSE:ABT) for USD 3.8 billion in 2010. Abbott Laboratories (NYSE:ABT)’s stock on Apr 16, 2014 reported a increase of 1.08% to the closing price of $38.38. Its fifty two weeks range is $32.70 -$40.49. The total market capitalization recorded $59.22billion. The overall volume in the last trading session was 10.95million shares. In its share capital, ABT has 1.54billion outstanding shares.

Linear Technology Corporation (NASDAQ:LLTC) shares declined 4.2%. The chip manufacturer on Tuesday reported third-quarter earnings in line with analysts’ estimates but still disappointed Wall Street. “The results/guide are a little disappointing though not far off and in-line with seasonality. On Wednesday, shares of Linear Technology Corporation (NASDAQ:LLTC) dropped -4.37% to close the day at $45.07. Company return on investment (ROI) is 24.90% and its monthly performance is recorded as -4.69%. Linear Technology Corporation (NASDAQ:LLTC) quarterly revenue growth is -1.72%.

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