Bank of America Corporation (NYSE:BAC) announced plans to buy back $4 billion in stock after getting conditional approval from the Fed. Bank of America’s buyback plan comes with conditions, however. In the results from its annual “stress tests,” the Fed said BofA had “deficiencies in its capital planning process” and asked the bank to resubmit its plans by September 30 to address those issues. On Wednesday shares of Bank of America Corporation (NYSE:BAC) closed at $16.11. Company’s sales growth for last 5 years was -8.20% and EPS growth for next 5 years is recorded as 8.00%.
On March 9, it was reported that, California Resources Corporation (NYSE:CRC), the recent spinoff from Occidental Petroleum Corp., is moving its headquarters to Chatsworth from Westwood, the company announced. California Resources has leased 42,000 square feet on two floors in a building at 9200 Oakdale in Chatsworth; the building’s largest tenant is JPMorgan Chase. The company did not release terms of the deal, but real estate data provider CoStar gave some details, including the square footage and an annual lease rate of $29.40 a square foot, which translates to $1.2 million a year. California Resources Corporation (NYSE:CRC) in last trading activity increased 4.11% to close at $7.10. Company weekly performance is -5.21% while its quarterly performance stands at 19.33%. California Resources Corporation (NYSE:CRC) is -26.79% away from its 52 week high.
Eisai Co., Ltd. and Merck & Co. Inc. (NYSE:MRK) have begun a clinical trial collaboration to evaluate the safety, tolerability and efficacy of Merck’s anti-PD-1 therapy, pembrolizumab (marketed in the US under the brand name KEYTRUDA®), in combination with Eisai oncology compounds lenvatinib mesylate (a multi-targeting RTK inhibitor marketed in the US under the brand name LENVIMA™) and eribulin mesylate (a microtubule dynamics inhibitor marketed under the brand name HALAVEN®,”) in multiple clinical trials. On Wednesday shares of Merck & Co. Inc. (NYSE:MRK) closed at $56.06. Company’s sales growth for last 5 years was 9.00% and EPS growth for next 5 years is recorded as 6.93%.
Sunedison Inc (NYSE:SUNE) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Thursday. They currently have a $23.75 target price on the stock. Vetr‘s price target indicates a potential upside of 2.37% from the company’s current price. SunEdison, Inc. (NYSE:SUNE) in last trading activity moved up 4.65% to close at $23.20. Company weekly performance is 3.57% while its quarterly performance stands at 18.07%. SunEdison, Inc. (NYSE:SUNE) is -4.72% away from its 52 week high.
YOU On Demand Holdings, Inc. (NASDAQ:YOD) announced that Chairman Shane McMahon, CEO Weicheng Liu and President & CFO Marc Urbach will host an investor webcast/conference call and update on Monday, March 30, 2015 at 8:00 a.m. ET. On last trading day YOU On Demand Holdings, Inc. (NASDAQ:YOD) increased 3.47% to close at $2.09. Its volatility for the week is 5.23% while volatility for the month is 4.33%. YOD’s sales growth for past 5 years was -45.80% and its EPS growth for past 5 years was 29.40%. YOU On Demand Holdings, Inc. (NASDAQ:YOD) monthly performance is -1.88%.