First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY – Get Rating) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 37,400 shares, a growth of 50.8% from the February 28th total of 24,800 shares. Based on an average daily volume […]
First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY – Get Rating) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 21,400 shares, an increase of 3,466.7% from the January 31st total of 600 shares. Based on an average daily volume of 46,700 shares, […]
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Leading the list stocks to buy is Bank of America, one of our most important financial institutions. The bank, which has almost $3 trillion in assets, operates under four divisions: consumer banking, global banking, global markets, as well as global wealth and investment management.
Bank of America announced first-quarter results in April. Revenue came at $22.8 billion. Net profit was $8.1 billion. Earnings-per-share (EPS) was 86 cents. A year ago, these metrics were $4.0 billion and 40 cents.
In the announcement, CEO Brian Moynihan said, “The strength of our balance sheet, our complementary and diverse set of businesses, and our talented teammates position us to perform well in that environment.”