New York, NY – May 23rd, 2013 – Markets received an early boost Wednesday after comments from Federal Reserve Chairman Ben Bernanke signaled that the central bank was not ready to ease up on economic stimulus. "We are trying to make an assessment of whether or not we have seen real and sustainable progress in the labor-market outlook," Bernanke stated at a congressional hearing. The Dow Jones Industrial Average spiked as high as 15,542.40 Wednesday.
Bank of America Corp. (NYSE:BAC - News) shares traded in the range of $13.35 to $13.73 a share Wednesday. The stock appears to have support at the $13.47 and $12.79 levels. The company reported a net income of $2.6 billion, or $0.20 per diluted share, for the first quarter of 2013, compared to $653 million, or $0.03 per diluted share, a year prior. Shares of Bank of America are up over 15.0 percent year-to-date.
More information on Bank of America and access to the free equity report can be found at: www.WallStreetFundamentals.com/BAC
General Electric Company (NYSE:GE - News) shares traded in the range of $23.77 to $24.13 a share Wednesday on volume of over 54 million shares traded. The stock appears to have support at $23.87 and $23.74. The company currently pays a quarterly dividend of $0.19 per share, $0.76 annually, for a dividend yield of approximately 3.2 percent. Shares of General Electric have gained roughly 14.0 percent year-to-date.
More information on General Electric and access to the free equity report can be found at: www.WallStreetFundamentals.com/GE
Pfizer Inc. (NYSE:PFE - News) shares spiked nearly 2.0 percent on volume of over 66 million shares traded Wednesday. The stock appears to be facing some resistance at $29.87 with strong support at $29.25. The company currently pays a quarterly dividend of $0.24 per share, $0.96 annually, for a dividend yield of approximately 3.25 percent. Shares of Pfizer have gained roughly 17.0 percent year-to-date.
More information on Pfizer and access to the free equity report can be found at: www.WallStreetFundamentals.com/PFE
Verizon Communications Inc. (NYSE:VZ - News) shares have gained approximately 18.0 percent year-to-date. The stock appears to be facing resistance at $53.59 with strong support at $51.77. The company currently pays a quarterly dividend of $0.515, $2.06 annually, for a dividend yield of roughly 4.0 percent. For the first quarter of 2013, Verizon reported operating revenues increased 4.2 percent year-over-year to $29.4 billion.
More information on Verizon Communications and access to the free equity report can be found at: www.WallStreetFundamentals.com/VZ
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