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SPDR S&P 500 ETF and Ford Among Most Active Stocks in Pre-Market Today on the NYSE


Bank of America was also up this morning.

MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the NYSE were SPDR S&P 500 ETF (SPY), Ford Motor Company (F), and Bank of America (BAC), as of 9:15 a.m. Investors traded 5.05 million shares of SPDR S&P 500 ETF, which was up $0.44, or 0.30%. Investors traded 4.72 million shares of Ford, which was up $0.09, or 0.80%, and 2.05 million shares of Bank of America, which was up $0.04, or 0.50%. Shares of Ford rose in value despite a drop in revenue and net income because the carmaker's profits and revenue topped analysts' expectations. Revenue fell by 2.3% from $33.1 billion last year to $32.4 billion, which beat analysts' estimates of $31.27 billion. Net income fell dramatically by 45.1% from $2.55 billion, or $0.61 per share, to $1.4 billion, or $0.35 per share. However, the company reported adjusted net income of $0.39 per share versus projections of $0.35 per share. Bank of America is up this morning, but analysts worry that in the future the bank will take losses in its profits because it has $2 billion in bad home equity in its portfolio. The bank has also sold its holdings of Noble Mineral Resources, no longer making Bank of America a substantial shareholder in the company.
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