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
2.12 (7.97%)
B/A Size
Day's High
Day's Low
(Heavy Day)

Today's volume of 106,088,435 shares is on pace to be much greater than BAC's 10-day average volume of 70,238,065 shares.


UPDATE: Netflix hires former Activision Blizzard CFO Spencer Neumann to be new chief financial officer

12:35 pm ET January 2, 2019 (MarketWatch)

Netflix Inc. (NFLX) has hired former Activision Blizzard Inc. (ATVI) CFO Spencer Neumann to be its new chief financial officer, the streaming giant announced Wednesday. He will succeed David Wells, who has served in the position since 2010. The announcement from Netflix comes on the heels of a Monday disclosure by Activision that it was firing Neumann for undisclosed reasons ( and a Monday Reuters report that Netflix was expected to name Neumann as its new CFO. Activision said in a Monday securities filing that it was planning to terminate Neumann for cause, but did not say what the cause was. The videogame publisher did note that it was "unrelated to the company's financial reporting or disclosure controls and procedures." In 2017, Activision hired Neumann away from the Walt Disney Co. (DIS), where he was CFO and an executive vice president. He initially joined Disney in 1992. Shares of Netflix have gained 31% in the past 12 months, while shares of Activision have fallen 26%. The S&P 500 has fallen 7% while the Dow Jones Industrial Average has fallen 6%.

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(END) Dow Jones Newswires

January 02, 2019 12:35 ET (17:35 GMT)

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