Accenture plc (NYSE:ACN)- Recommended Mix Momentum Stocks: Bank of America Corporation (NYSE:BAC)

Accenture plc (NYSE:ACN) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it remains unchanged to close at $115.00 with the total traded volume of 524200 shares. Accenture (ACN) has acquired Altitude, a privately held product design and innovation firm based in Boston that uses its expertise in consumer insight, design and product engineering to help companies innovate and develop new physical products and services. Serving clients across a wide range of industries, including consumer goods, healthcare, industrial and high-tech, Altitude has created award-winning products for many leading brands, including Anheuser-Busch, DeWalt,

ThermoFisher Scientific and Under Armour. Altitude’s key areas of expertise include consumer insights, where teams identify new opportunities and determine how an organization can commercialize them; and product creation, where teams design new physical products and services that create meaningful experiences. The firm has institutional ownership of 79.60%, while insider ownership included 0.20%. Its price to sales ratio ended at 2.09. ACN attains analyst recommendation of 2.30 with week performance of -1.82%.

Bank of America Corporation (NYSE:BAC) [Trend Analysis] surged reacts as active mover, shares an advance 0.42% to traded at $22.65 and the percentage gap between open changing to regular change was 0.13%. The Federal Deposit Insurance Corp. has filed a lawsuit against Bank of America Corp. (NYSE: BAC), claiming the Charlotte-bank owes at least half a billion dollars in unpaid deposit insurance, according to a Bloomberg report.

The U.S. banking regulator sued Bank of America in federal court in Washington on Monday over accusations that the bank “ignored FDIC instructions on how to account for its exposure to counterparties,” Bloomberg and other media outlets declared.

BofA’s failure to pay $542 million as a fee for insurance protection spanned much of 2013 and all of 2014, according to the FDIC’s suit. It alleges that Bank of America “refuses to pay” money associated with failing to follow a rule enacted in 2011 that requires banks to “report counterparty exposure at the consolidated company level.” In a statement, the bank contested that it failed to comply with the FDIC rule. The firm past twelve months price to sales ratio was 4.49 and price to cash ratio remained 0.38. As far as the returns are concern, the return on equity was recorded as 6.20% and return on investment was 4.10% while its return on asset stayed at 0.70%. The firm has total debt to equity ratio measured as 1.76.


About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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