Stocks in the news: Bank of America, Hewlett-Packard, Toll Brothers

The following post rounds up the companies making headlines today:

Bank of America (BAC) said late Tuesday it raised $13.5 billion through a stock offering to help it meet the government's capital requirements following the recent stress testing. BAC sold 1.25 billion shares at an average price of $10.77. BAC shares last traded at $11.70, up about 4 percent in pre-market action.

Hewlett-Packard (HPQ) reported a 17 percent profit drop, which managed to top estimates. It also said it would cut 6,400 workers, and issued about the same profit forecast. Yet shares fell as CEO Mark Hurd didn't give an optimistic outlook and revenue guidance was on the light side. Shares declined about 4 percent before the bell.