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
$27.01
Day's Change
-1.17 (-4.15%)
Bid
--
Ask
--
B/A Size
--
Day's High
28.07
Day's Low
26.71
Volume
(Heavy Day)
Volume:
118,851,628

10-day average volume:
62,752,570
118,851,628

Amazon's stock extends rally into bull-market territory as market cap tops $800 billion

1:00 pm ET January 8, 2019 (MarketWatch)
Print

Shares of Amazon.com Inc. (AMZN) surged 1.2% in afternoon trade Tuesday, to lift its market-capitalization back above the $800 million mark for the first time in nearly a month, a day after the e-commerce and cloud giant ended its 10-week old bear market. The stock closed Monday at $1,629.51, or 21.2% above its Dec. 24 closing low of $1,343.96. Many on Wall Street define a bull-market as a rise of 20% or more off a bear-market bottom. The stock had entered a bear market on Oct. 29, when it closed 24.5% below its Sept. 4 record close of $2,039.51. The stock went on to fall as much as 34.1% through Dec. 24 before beginning its recovery. Separately, Amazon extended its lead as the most valuable company by market cap, as second-place Microsoft Corp.'s shares (MSFT) edged up 0.3%, putting its market cap at $785.6 billion. Amazon's market cap rose to $806.6 billion, heading toward the first close above $800 billion since Dec. 13. Amazon's stock has still lost 11.5% over the past three months, while the Nasdaq Composite has shed 11.4% and the S&P 500 has given up 11.3%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 08, 2019 13:00 ET (18:00 GMT)

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