BofA, Mattel, CIT are big movers
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Bank of America Corp., down 28 cents at $12.89
The bank reported better-than-expected second-quarter income, earning $2.42 billion even as losses from failed loans continued to rise.
Citigroup Inc., down 1 cent at $3.02
Citigroup reporting a $3 billion profit on the sale of its Smith Barney unit and the increasing values of some of its riskier assets.
IBM Corp., up $4.78 at $115.42
The computer maker posted second-quarter earnings that trumped Wall Street expectations and raised its full-year profit forecast.
Ford Motor Co., up 1 cent at $6.14
An analyst said fewer consumer incentives may lead to better-than-expected second-quarter results, but maintained a "neutral" outlook.
General Electric Co., down 75 cents at $11.65
The recession drove down earnings at GE's finance unit and smothered demand for its wide-ranging industrial goods.
CIT Group Inc., up 29 cents at 70 cents
CIT continued talks with potential lenders to secure billions in much-needed financing and stay out of bankruptcy court.
Mattel Inc., up $1.23 at $17.42
Sales of Barbie and other toys sank in the second quarter, but profit surged, beating expectations, as the company reduced expenses.
NASDAQ:
Gilead Sciences Inc., up 96 cents at $47.83
The company said it is working with a unit of Johnson & Johnson to develop a single daily antiretroviral HIV pill.
(This version CORRECTS headlines) )
Copyright 2009  AP News
