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Bank of America (NYSE:BAC): Julius Baer confirms that it is in discussions with Bank of America regarding the purchase of Merrill Lynch’s non-U.S. wealth management ops. The Swiss firm states, ”Given the early stage of these discussions, the outcome is entirely open.” Any deals, which could total nearly $2B, would be an additoin to the trend of big banks shedding capital as a means to build capital. Shares of Bank of America are trading 4.19% higher today.
Facebook, Inc. (NASDAQ:FB): According to Susquenhanna, Facebook recently launched a number of new products, made acquisitions, and improvements to technology which will allow it to push its user base into opportunities for expansion. The firm thinks the company is attempting to automated premium ad purchases, improve pricing, as well as launch Facebook Exchange to assist advertisers provide real-time targeting of users. Shares hold a Positive rating and a price target of $48. Shares of Facebook, Inc. are trading 0.03% lower today.
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AT&T, Inc. (NYSE:T): Following a conversation with investors, Citigroup sees that investors expect that DISH may possibly sell to DirecTV (NASDAQ:DTV) or AT&T (NYSE:T), but the firm does not believe there is enough competition within the video market for this to be possible. The firm beleives the Department of Justice might block a deal between DISH and DirecTV, and the Department of Justice and FCC might block any deal between DISH and AT&T. Citi believes the chance for DISH’s takeover is not likely, but the firm sees a 25% chance of (NYSE:S) and T-Mobile USA entering into a merger or network sharing deal keeping Citi a buyer of Sprint shares. Shares of AT&T, Inc. are trading 0.65% lower today.
Nokia Corporation (NYSE:NOK): Avian has upgraded Nokia from Neutral to Positive based on valuation. Shares of Nokia Corporation are trading 0.6% higher today.
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