On Monday shares of Bank of America Corporation (NYSE:BAC) closed at $16.51. Company’s sales growth for last 5 years was -8.20% and EPS growth for next 5 years is recorded as 8.50%. U.S. Bank N.A. and Bank of America Corporation (NYSE:BAC) won’t have to face lawsuits claiming they failed to safeguard the interests of investors as required by their contracts. U.S. District Judge Katherine B. Forrest in Manhattan threw out three suits alleging breaches over mortgage-backed securities. The cases are part of a move by investors to target banks in their role as trustees of securities backed by home loans that defaulted after the 2008 credit crisis.
Ford Motor Company (NYSE:F) in last trading activity increased 0.65% to close at $15.58. Company weekly performance is -0.45% while its quarterly performance stands at -2.38%. Ford Motor Company (NYSE:F) is -10.91% away from its 52 week high. On Friday, June 5, Bob Shanks, Ford Motor Company (NYSE:F) executive vice president and chief financial officer, will host a “Let’s Chat” forum to discuss key items of interest to the investment community.
On last trading day Progressive Corp. (NYSE:PGR) increased 0.07% to close at $27.25. Its volatility for the week is 1.06% while volatility for the month is 1.13%. PGR’s sales growth for past 5 years was 5.90% and its EPS growth for past 5 years was 6.50%. Progressive Corp. (NYSE:PGR) monthly performance is 1.87%. Progressive Corp (NYSE:PGR) has received an “A-” credit rating from Morningstar. The firm’s “A-” rating suggests that the company is a low default risk. They also gave their stock a three star rating.
Matson, Inc. (NYSE:MATX) has 1.40% insider ownership while its institutional ownership stands at 85.10%. In last trading activity company’s stock closed at $43.29. On May 18, Matson, Inc. (NYSE:MATX) announced that its wholly-owned subsidiary Matson Navigation Company, Inc. has commenced a cash tender offer (the “Tender Offer”) and consent solicitation (the “Consent Solicitation,” and together with the Tender Offer, the “Offer”) for any and all of the approximately $2 million outstanding principal amount of 6.00% Series A Convertible Senior Secured Notes due 2017.
On Monday shares of Xerox Corporation (NYSE:XRX) closed at $11.48. Company’s sales growth for last 5 years was 5.20% and EPS growth for next 5 years is recorded as 2.00%. Document technology and business process services provider Xerox Corp (NYSE:XRX) on Monday announced its acquisition of Healthy Communities Institute, a Berkeley, California-based company with a cloud platform that provides socioeconomic and community health information for hospitals, public health agencies and community coalitions. The financial terms of the deal were not disclosed.