Bank of America Corp (NYSE:BAC) shares rise by 0.83%, Pandora Media Inc (NYSE:P)

Posted by Beth Hart May 29, 2013 0 Comment 814 views


Bank of America Corp (NYSE:BAC): The trading session on Tuesday saw Bank of America Corp (NYSE:BAC) rising by 0.83%. The opening price of $13.49 climbed to an intraday high of $13.51 before settling down to close at $13.31 per share. More than 0.133 million shares were traded in the last trading session, which stood below the average volume of 0.136 million that was measured over 30 days.

A bank holding company, Bank of America Corp (NYSE:BAC) is also a financial holding company. This financial institution serves individual consumers, SMB businesses, Governments as well as corporations with a range of banking, asset management as well as risk and financial management services and products and investing. Via its banking and numerous non-banking subsidiaries spread across the United States as well as in international markets, BAC provides banking and non-banking financial products and services via five different business segments: Consumer Real Estate Services, Global Banking, Consumer & Business Banking, Wealth & Investment Management and Global Markets and Global. The rest of its operations are recorded in all Other.

Pandora Media Inc (NYSE:P): Tuesday’s trading session saw Pandora Media Inc (NYSE:P) rising by 2.92%. The opening price of $16.70 climbed to an intraday high of $17.12 before settling down to close at $15.85 per share. Around 11.12 million shares were traded in the last trading session, which stood above the average volume of 5.80 million that was measured over 30 days.

In quarter ended 30 April 2013, Pandora Media Inc (NYSE:P) said that the company lost $28.6 million or 16 cents per share, on a total revenue of $125.5 million. In comparison, in the same period in 2012, the company lost $20.2 million, or 12 cents per share, on sales of $80.8 million. With the exclusion of one-time items, like reserves put aside for the returns of mobile-subscription, Pandora Media Inc (NYSE:P) said it would have been under by $18.2 million, or 10 cents per share. The average analyst’s projection was that Pandora will lose 10 cents per share on revenue of $123.9 million. Pandora Media Inc (NYSE:P) is an Internet radio that operates in the United States.


About Beth Hart

Beth is from New York. She has two master’s degrees and served as a lecturer in B-School. Her master’s degree is an MBA in Global Management from the University of Phoenix (2010). She has worked for small businesses, public agencies, and large corporations. She does write articles as a freelancer.

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