Stock market movers roundup: Bank of America, BGC Partners

19-Nov-2012

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Bank of America, BGC Partners shares rise on upgrades

By The Associated Pres- Among the stock activity stories for Monday, Nov. 19, from AP Business News:
— Shares of Bank of America Corp. outpaced other financial stocks after an analyst raised the bank’s rating, sayings its earnings-per-share growth over the next two years will likely be better than the other large banks, as declining operating expenses offset slow revenue growth.
— Shares of BGC Partners Inc. surged after a Raymond James analyst upgraded the financial brokerage, saying a sharp decline in the stock price this month may not be fully warranted.

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