$3.30
8.6%
Shares of Bank of America Corp. jumped to $41.86. Banking shares rallied after Punk Ziegel & Co. analyst Richard Bove said the financial crisis is over and the industry’s decline offers a “once-in-a-generation opportunity” for investors. Citigroup Inc. rose $2.09, or 10.2 percent, to $22.50. Financials shares in the S&P 500 rose 6.9 percent.
$5.09
15.5%
Shares of General Growth Properties Inc. climbed to $37.92. The Chicago-based mall owner, whose debt rating was cut to junk this week, obtained $1.3 billion in mortgage financing for wholly owned and joint-venture properties in the first quarter.
$5.44
8.8%
Nike Inc. stock increased to a record $67.27. Late Wednesday, the world’s largest athletic shoe-maker reported 16 percent a bigger third-quarter profit than analysts estimated.
$0.44
6.3%
Triarc Cos. stock rose to $7.42. The holding company controlled by billionaire investor Nelson Peltz said it will distribute 9.84 million shares of Rosemont-based Deerfield Capital Corp. as a special dividend to stockholders.
$0.63
11.8%
Shares of Bear Stearns Cos. advanced to $5.96. Billionaire Joseph Lewis, the company’s largest shareholder, said he might push for alternatives to the $339 million buyout offer from JPMorgan Chase & Co.
$9.56
9.5%
Shares of Chipotle Mexican Grill Inc. climbed to $109.71. The fast-food chain was raised to “market perform” from “underperform” by a Raymond James analyst.
