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.

Day's Change
0.26 (0.90%)
B/A Size
Day's High
Day's Low

Today's volume of 80,128,381 shares is on pace to be in-line with BAC's 10-day average volume of 83,450,522 shares.


GE to launch auditor tender process after shareholders' lukewarm ratification of KPMG

8:37 am ET December 14, 2018 (MarketWatch)

General Electric Co. (GE) said Friday it is launching a tender process for the appointment of an independent auditor, after shareholders at this year's annual meeting offered a lukewarm ratification of KPMG. About 65% of votes were cast in favor of KPMG, "which was significantly lower" than prior years, GE said in a statement. Since the April vote, GE has sought feedback from shareholders and considered a range of options. "The plan announced today is responsive to our shareowners and balances the competing considerations about undertaking an audit firm rotation amidst the portfolio and other strategic actions that the Company is currently executing," Geoff Beattie, chairman of the audit committee, said in the statement. The audit committee has decided to reappoint KPMG for 2019, however. GE shares were down 1% premarket and have fallen 59% in 2018, while the S&P 500 has fallen 0.9%.

-Ciara Linnane; 415-439-6400;

(END) Dow Jones Newswires

December 14, 2018 08:37 ET (13:37 GMT)

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