Bank of America Corp
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Financials : Banks | Large Cap ValueCompany profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
Day's Change
0.28 (0.96%)
B/A Size
Day's High
Day's Low
(Below Average)

10-day average volume:

Apple stock falls after HSBC downgrade

8:24 am ET December 4, 2018 (MarketWatch)

Apple Inc. (AAPL) shares are down 2.1% in premarket trading Tuesday after HSBC analyst Erwan Rambourg downgraded the stock to hold from buy, writing that it was "too late to sell, too early to buy" Apple shares, which have fallen 19% over the past three months. "Apple has to innovate to ensure that the installed hardware base doesn't shrink," wrote Rambourg, who suggested three "complementary strategies" for the company. One is "horizontal diversification and geographic expansion," as services like Apple Pay are growing fast but could benefit from more reach, in Rambourg's view. Another approach would be adding new services and applications in areas such as augmented reality that would drive hardware improvement and excite current iPhone users. Rambourg's final strategy is "pure innovation" in new realms like autonomous driving, health, and augmented-reality glasses. He lowered his price target to $200 from $205, writing of an "undemanding valuation" but limited "immediate catalysts." The shares are down 11% over the past month, while the Dow Jones Industrial Average has risen 2.2%.

-Emily Bary; 415-439-6400;

(END) Dow Jones Newswires

December 04, 2018 08:24 ET (13:24 GMT)

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