Hot Stocks In Momentum: Bank of America Corporation (NYSE:BAC), Hemispherx Biopharma, Inc. (NYSEMKT:HEB), The PNC Financial Services Group, Inc. (NYSE:PNC)

Bank of America Corporation (NYSE:BAC) reported that its Q2 net income applicable to common shareholders of $4.99B or $0.45 per share, as compared to $2.04 billion or $0.19 per share in the comparable quarter last year. In the premarket trade, the shares are trading up 2.75 percent. On average, 29 analysts polled by Thomson Reuters expected the company to report earnings per share of $0.36 for the quarter. Analysts’ estimates typically exclude special items. Total revenue, net of interest expense, on an FTE basis was $22.35 billion, compared to $21.96 billion, prior year. Analysts expected revenue of $21.32 billion for the quarter. Shares of Bank of America Corporation (NYSE:BAC) opened at $17.53 with 10502.10 million outstanding shares and hit to its highest price of $17.85 during the day and finally closed at $17.68 by scoring 3.21%. In the whole session, it traded on volume of 172.77 Million shares, which turned higher than its average volume.

Hemispherx Biopharma, Inc. (NYSEMKT:HEB) released that it has submitted an application for orphan drug designation to the European Medicines Agency for Alferon N Injection, an experimental therapeutic, to treat Middle East Respiratory Syndrome. The firm released that the EMA has determined the app to be valid, as well as the Committee for Orphan Medicinal Products has initiated the official review process. Hemispherx said its Alferon N is the only natural source, multi-species alpha interferon currently approved for sale in the U.S. Alferon N is approved in the U.S. only for the treatment of refractory or recurring external genital warts caused by human papilloma virus in patients 18 years of age or older. Hemispherx Biopharma, Inc. (NYSEMKT:HEB) stock hit highest price at $0.211, beginning with a price of $0.200 to closed at 0.20 by an advance of 0.50% with a day range of $0.195-$0.211. The total market capitalization remained 46.74 Million, total volume of 646621 shares held in the session was surprisingly higher than its average volume of 1613.13 shares.

The PNC Financial Services Group, Inc. (NYSE:PNC) released that its Q2 net income attributable to diluted common shares of $987M or $1.88 per share, as compared to $995M or $1.85 per share, previous year. The 29 analysts polled by Thomson Reuters anticipated the company to report profit per share of $1.76 for the quarter. Analysts’ estimates typically exclude special items. Revenue increased to $3.87 billion from $3.81 billion last year. Analysts expected revenue of $3.78 billion for the quarter. William Demchak, CEO, said, “We grew fee income on higher client activity, made positive progress on our strategic priorities and managed our expenses well despite low interest rates that continue to pressure net interest income industrywide.” On the other consideration, The PNC Financial Services Group, Inc. (NYSE:PNC) begun last trade with a price of $96.27 and throughout the trading session climbed at $98.65. The day-trade ended with a gain of 0.84% to closed at $98.32.