Bank of America Corp. is facing a new lawsuit organized by a group of shareholders of credit massive Countrywide Financial Corp., which the bank bought in 2008. The group of investors, which comprise BlackRock funds, T. Rowe Price Group Inc., TIAA-CREF and numerous retirement funds together with the California Public Employees’ Retirement System had previously discarded a $624 million agreement struck last year deal, saying the conditions were inadequate. The lawsuit indicted Countrywide of deceptive shareholders about its finances and lending practices.

BAC moved down 0.82% and closed at $9.71 with the overall traded volume of 187.93 million shares. Its shares were trading within the range of $9.60-$9.95 while its opening price was $9.64. Its market capitalization is 98.39 billion.

Its floated shares are 10.13 billion and its total outstanding shares are 10.13 billion. Financial institutions held its 60.10% while its 0.04% is held by insiders.

MF Global Holdings Ltd. a broker-dealer providing trading and hedging solutions, proclaimed the pricing of an underwritten public offering of $325 million aggregate principal amount of 3.375% Convertible Senior Notes due August 1, 2018 (the “convertible notes”). MF Global also granted the underwriters a 30-day option to purchase up to an additional $45 million aggregate principal amount of convertible notes. The offering is expected to close on August 2, 2011, subject to customary closing conditions.

MF fell 1.34% and closed at $7.37 with the overall traded volume of 15.38 million shares more than the average volume of 2.81 million shares. Its shares were trading within the range of $6.92-$7.46 while its opening price was $7.35. Its market capitalization is 1.22 billion.

Its floated shares are 153.19 million and while it’s total outstanding shares are 164.89 million. Financial institutions held its 100.50% and its 5.81% is held by insiders.

AKS jumped 0.16% and closed at $12.15 with the overall traded volume of 10.11 million shares more than the average volume of 8.74 million shares. . Its shares were trading within the range of $11.84-$12.34 while its opening price was $12. Its market capitalization is 1.34 billion.

Its five year revenue growth rate was 1.11%. Its floated shares are 108.76 million and while it’s total outstanding shares are 110.27 million. Financial institutions held its 67.50% and its 1.11% is held by insiders.

BMY reported the fall of 1.34% and closed at $28.66 with the overall traded volume of 11.11 million. Its shares were trading within the range of $28.55-$28.99 while its opening price was $28.84. Its market capitalization is 1.71billion and its beta value stands at 0.62 times.

Its five year revenue growth rate was 0.93%. Its floated shares are 1.70 billion and while it’s total outstanding shares are 1.71 billion. Financial institutions held its 69.30% and its 0.07% is held by insiders. Read More