Note to Editors: The Following Is an Investment Opinion Being Issued by the EQUITY NEWS CIRCUIT
NEW YORK, NY -- (Marketwire) -- 01/18/13 -- The Bedford Report has released new equity reports today. As a leading provider of free in depth reports and timely market updates, Bedford is an essential resource for hundreds of thousands of investors across the country.
Bank of America Corp. (NYSE: BAC) shares fell 4 percent on nearly 270 million shares traded Thursday. The bank reported profits in the fourth quarter plummeted 63 percent, largely due to charges related to a dispute with Fannie Mae.
BlackRock, Inc. (NYSE: BLK) shares spiked 4.5 percent on nearly double the average daily volume after reporting fourth quarter results Thursday. The investment management firm increased their quarterly dividend 12 percent to $1.68 per share.
Citigroup Inc. (NYSE: C) shares declined nearly 3 percent on over 60 million shares traded Thursday after reporting results for the fourth quarter. The bank reported earnings per share of $0.69 per share in the fourth quarter, well short of analysts' expectations.
eBay Inc. (NASDAQ: EBAY) shares rose 2.4 percent on over 20 million shares traded Thursday. The online retailer reported revenues of $4.0 billion in the fourth quarter, an increase of 18 percent when compared to the year ago quarter.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein.
A third party, Providence Media Strategies LLC has paid Equity News Circuit four hundred and fifty dollars for the publication of this news release. Neither Equity News Circuit, nor the hiring party, has a financial relationship with any company whose stock is mentioned in this release. Neither Equity News Circuit nor the hiring party are a registered investment advisor, and nothing in this report is intended as a solicitation to buy or sell any security.