Citigroup Inc. (NYSE:C) slid
0.60% to $4.16 on about 66.05 million shares. Last week, the company said its
third-quarter net income came in at $2.17 billion or 7 cents a share including
preferred dividends. That compares with a profit of $101 million in same period
a year earlier, when it reported a per-share loss of 27 cents.
The
stock went up more than 25% year-to-date.
Bank of America Corporation (NYSE:BAC) added
1.86% to $11.51 after it made its fresh 52-week low of $11.03. The company announced
the Board of Directors declared a regular quarterly cash dividend on Bank of
America common stock of $0.01 per share, payable on December 24, 2010 to
shareholders of record as of December 3, 2010.
The
board also declared a regular quarterly cash dividend of $1.75 per share on the
7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on
January 25, 2011 to shareholders of record as of January 11, 2011.
The
stock opened at $11.32 and is trading within the range of $11.03-$11.58.
Sprint Nextel Corporation (NYSE:S) slumped
9.43% to $4.32. The company reported a wider third-quarter loss on 1.4% higher
revenue. The losses were $911 million, or 30 cents a share, against $478
million, or 17 cents, in the year-earlier quarter.
In
the quarter, Sprint Nextel said in a Wednesday statement, it added a net
644,000 subscribers, more than half of them post-paid customers.
Over
the past 52-week, the stock traded within the range of $2.78-$5.31. The stock
went up more than 14% year-to-date.
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