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.

Price
Delayed
$28.23
Day's Change
-0.415 (-1.45%)
Bid
--
Ask
--
B/A Size
--
Day's High
28.60
Day's Low
28.04
Volume
(Heavy Day)

Today's volume of 64,131,997 shares is on pace to be much greater than BAC's 10-day average volume of 54,789,083 shares.

64,131,997

UPDATE: Aurora Cannabis to buy Mexican partner Farmacias Magistrales in stock deal

10:33 am ET December 10, 2018 (MarketWatch)
Print

Just days after Aurora Cannabis Inc. announced a supply deal with Mexico's Farmacias Magistrales SA, the Canadian cannabis company said it has entered a letter of intent to buy the company in a stock deal. Farmacias is Mexico's first and for now only federally licensed importer of raw materials containing THC, the psychoactive ingredient in cannabis, and has facilities to store and distribute medical products with more than 1% THC, Aurora said in a statement. The deal will give the company access to a market with more than 130 million people. Farmacias has about 80,000 retail outlets for selling CBD products and 500 pharmacies and hospitals to sell THC products. Aurora will pay for the deal with stock based on a valuation of the proforma revenue distribution projections of Farmacias. Aurora shares rose 1.2% premarket, but are down 23.8% in 2018, while the S&P 500 has fallen 1.5%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 10, 2018 10:33 ET (15:33 GMT)

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