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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.

Premarket

Last Trade
Delayed
$28.08
-0.10 (-0.35%)
Bid
--
Ask
--
B/A Size
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Market Hours

Closing Price
$28.18
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
133

10-day average volume:
56,848,661
133

UPDATE: Weekend roundup: How to get your company lumped in with Sears | One good day for GE | How colleges help banks gouge students

8:31 am ET December 15, 2018 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

Plus: FAANGs as contrarian stocks and your (early) retirement number in one simple chart

MarketWatch rounds up 10 of its most interesting topics over the past week.

1. Not a good look

Cynical investors are used to verbal sleight of hand from corporate executives. After Kroger (KR) CEO Rodney McMullen talked up the food retailer's digital sales efforts, an analyst couldn't help but be reminded of similar talk years ago from Sears (SHLDQ) CEO Eddie Lampert. He also called Kroger's stores "rundown and dispiriting (http://www.marketwatch.com/story/analyst-worries-that-kroger-comment-will-lead-the-grocer-down-the-same-path-as-sears-2018-12-07)." Sound familiar?

2. Analyst suggests GE is no longer a good short

Shares of General Electric (GE) surged 7% on Dec. 13 -- its biggest one-day gain in three years -- after a JPMorgan analyst said the stock had fallen far enough (http://www.marketwatch.com/story/ge-shares-on-track-for-biggest-one-day-rise-in-3-years-as-long-term-bear-turns-slightly-less-bearish-2018-12-13).

3. Banks charge students high fees and pay colleges to enable the practice

Banks that pay colleges to promote their services tend to charge students higher fees, according to a new report from the Consumer Financial Protection Bureau (http://www.marketwatch.com/story/after-controversy-trump-administration-releases-report-showing-deals-between-bankscolleges-cost-students-27-million-2018-12-10).

Don't miss:Feds arrest student debt-relief CEO who allegedly scammed borrowers out of $28 million (http://www.marketwatch.com/story/alleged-student-debt-relief-scam-leads-to-arrest-of-ceo-2018-12-11)

4. Technical warnings of the bull market's end

Here are six signs that the long bull market for U.S. stocks is coming to an end (http://www.marketwatch.com/story/stock-investors-you-have-now-been-warned-for-the-last-time-2018-12-14).

More on the stock market:

-- Which Wall Street forecasters should you listen to now? Here's who nailed it in 2018 (and who bombed) (http://www.marketwatch.com/story/which-wall-street-forecasters-should-you-listen-to-now-heres-who-nailed-it-in-2018-and-who-bombed-2018-12-10)

-- Finance Twitter: The 50 most important people for investors to follow (http://www.marketwatch.com/story/finance-twitter-the-50-most-important-people-for-investors-to-follow-2018-12-13)

5. YOLO and losing a lot of money very quickly

YOLO stands for "you only live once," and that mantra can lead to some amazingly quick losses for traders (http://www.marketwatch.com/story/how-one-investors-amazon-misfire-led-to-a-99-loss-in-his-trading-account-2018-12-11).

6. A contrarian investment play with FAANG stocks

The FAANG stocks -- Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Netflix (NFLX) and Google parent Alphabet (GOOGL)(GOOGL) -- have been among the bull market's stars. But since the end of September, they have led the market lower with double-digit declines. Some investors believe it is now time to resume buying the FAANGs (http://www.marketwatch.com/story/are-faang-stocks-poised-to-re-assert-market-leadership-2018-12-13).

7. Then again, Apple may not overtake Microsoft

Daniel Newman argues that Microsoft's (MSFT) diversified software and hardware products give it a long-term advantage over Apple (http://www.marketwatch.com/story/why-apple-wont-overtake-microsoft-and-regain-the-title-of-the-most-valuable-us-company-2018-12-11) in the competition to be the largest U.S. company.

8. Cronos CEO has great expectations

In an interview with Max Cherney, Cronos (CRON.T) CEO Mike Gorenstein says Altria's (MO) huge investment can help turn marijuana into a standard consumer product (http://www.marketwatch.com/story/cronos-ceo-says-altria-investment-is-just-the-beginning-2018-12-07).

9. What's your (early) retirement number?

We sum up the path to financial independence and retiring early in this one simple chart (http://www.marketwatch.com/story/the-path-to-financial-independence-and-retiring-early-in-one-simple-chart-2018-12-10).

More on how to achieve financial independence: This is how your neighbors are preventing you from becoming a millionaire (http://www.marketwatch.com/story/a-better-gift-idea-how-to-help-your-friends-and-loved-ones-gain-financial-independence-2018-12-13)

10. The evil that people do

Yes, some people really do give bad gifts on purpose (http://www.marketwatch.com/story/yes-some-people-really-do-give-bad-gifts-on-purpose-2018-12-12).

Want more from MarketWatch? Check out our Personal Finance Daily (http://www.marketwatch.com/topics/columns/personal-finance-daily) or other newsletters (http://www.marketwatch.com/newsletters), and get the latest news, personal finance and investing advice.

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 15, 2018 08:31 ET (13:31 GMT)

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