Apple Lowered by Multiple Analysts and 4 Hot Stocks to Watch
Bank of America (NYSE:BAC) recently made a decision to back down on new checking fees next year continues to show that debit card swipe fee reform caused greater marketplace competition, which is good for consumers. Furthermore, it indicates that bank charges to customers are irrelevant to bank charges to merchants, although the banking industry continues to argue that debit reform, also called the Durbin Amendment, is the cause of recent hikes in checking, overdraft, and other fees by some banks.
Apple Inc. (NASDAQ:AAPL) continues to distance itself from the published price targets of analysts. Eleven analysts reduced their Apple targets during the final weeks of itss first fiscal quarter of 2013, ending Saturday. The average of 48 analysts who were polled is now $740, which is $225 (44 percent) above its closing price on Thursday.
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Facebook, Inc. (NASDAQ:FB): This year, IPOs were at their lowest level since the financial crisis, indicating an economic slowdown, and Facebook’s IPO slowed demand while influencing companies to push back sales. IPOs have seen an increase of $112 billion globally during the year, which is the least since 2008, shows Bloomberg data. U.S. offerings have increased by $41 billion, which is quite similar to last year, according to Bloomberg.
AT&T, Inc. (NYSE:T): According to a list that was released on the official Instagram blog Thursday, AT&T Park was the fifth-most popular “Instagramming” location in worldwide.
Nokia Corporation (NYSE:NOK): Last week, Research In Motion (NASDAQ:RIMM) settled a patent dispute with Nokia, and RIM has made its first payment to Nokia, totaling about $65 million, according to an SEC filing, reports AllThingsD. The deal’s terms continue to be confidential.
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