Bank of America Corporation (NYSE:BAC) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.04% to close at $22.93 with the total traded volume of 10.43 Million shares. As per media reports, Bank Of America Corp. (BAC) declared that it has been sued in Federal Court in Washington by FDIC, as the bank underdeclared its counterparty exposures. The FDIC said Bank of America has refused to pay over $542 million that it owes to the regulator.However, the lawyer for Bank Of America stated that the amount derived from a technical discontract, and the FDIC’s position is erroneous. The firm has institutional ownership of 63.70%, while insider ownership included 41.60%. Its price to sales ratio ended at 4.57. BAC attains analyst recommendation of 2.00 with week performance of 1.82%.
Coty Inc. (NYSE:COTY) [Trend Analysis] moved down reacts as active mover, shares a loss -0.26% to traded at $18.91 and the percentage gap between open changing to regular change was -0.32%. Beauty products maker Coty Inc (COTY) reported that it would buy a 60 percent stake in privately held online cosmetics retailer Younique LLC for about $600 million as it reduces its dependence on its ailing fragrance business.Coty said it intends to buy the stake in Younique, through a combination of cash and debt.
The deal is expected to immediately add to Coty’s earnings in 2017.Younique also sells its cosmetics through individuals, known as ‘presenters’, who use social media and other direct selling methods to market the products.Coty has inked multiple deals, including the $12.5 billion acquisition of Procter & Gamble Co’s (PG.N) specialty beauty business, which included brands such as Clairol and Wella. The firm’s current ratio calculated as 1.10 for the most recent quarter. The firm past twelve months price to sales ratio was 3.25 and price to cash ratio remained 37.10. As far as the returns are concern, the return on equity was recorded as 8.50% and return on investment was 2.30% while its return on asset stayed at 0.40%. The firm has total debt to equity ratio measured as 17.40.