Bank of America Corporation (NYSE:BAC) [Trend Analysis] moved up reacts as active mover, shares an increase 1.85% to traded at $22.57 and the percentage gap between open changing to regular change was 0.14%. Bank of America Corp. (NYSE:BAC) plans to raise wages for hourly, non-commission employees in early 2017 to a minimum $15 an hour, up from a minimum $13.50 an hour . Brian Moynihan, CEO and chairman of the Charlotte-based bank, mentioned the wage increase during a presentation at the Goldman Sachs Financial Services Conference Tuesday.
Ferris Morrison, a bank spokeswoman, says most hourly, non-commission roles at the bank fall in the consumer business and the global operations and technology business. The upcoming wage increases were released internally earlier this year. Morrison says Bank of America aims to pay competitive wages to all of its employees. The firm past twelve months price to sales ratio was 4.55 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.
The Interpublic Group of Companies, Inc. (NYSE:IPG) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.77% to $23.45. Interpublic Group of Cos , (IPG) released that U.S. Justice Department had asked one of its standalone domestic agencies for documents regarding video production practices. It disclosed the request a day after the Wall Street Journal declared that the Justice Department’s Antitrust Division was examining whether advertising agencies rigged bids to favor in-house production units, citing people familiar with the matter. The share price of IPG attracts active investors, as stock price of week volatility recorded 2.60%. The stock is going forward to its 52-week low with 21.63% and lagging behind from its 52-week high price with -4.59%.