CBIZ Inc
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Industrials : Professional Services | Small Cap GrowthCompany profile

CBIZ, Inc. (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States. Its segments include Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services group includes accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services. The Benefits and Insurance Services group includes group health benefits consulting, payroll, property and casualty, and retirement plan services. The National Practices segment includes managed networking and hardware services, and healthcare consulting.

Closing Price
$20.99
Day's Change
0.56 (2.74%)
Bid
--
Ask
--
B/A Size
--
Day's High
21.09
Day's Low
20.50
Volume
(Heavy Day)
Volume:
667,793

10-day average volume:
261,818
667,793

Bank of America's stock surges after beating on revenue, while peers couldn't

7:26 am ET January 16, 2019 (MarketWatch)
Print

Shares of Bank of America Corp. (BAC) shot up 4.6% toward a 6-week high in premarket trade Wednesday, after the company beat earnings expectations (http://www.marketwatch.com/story/bank-of-america-profit-and-revenue-beat-estimates-2019-01-16) and also snapped a streak of major banks missing revenue expectations. BofA reported fourth-quarter total revenue that rose to $22.74 billion from $20.44 billion, above the FactSet consensus of $22.35 billion. Earlier this week, Citigroup Inc. (C), J.P. Morgan Chase & Co. (JPM) and Wells Fargo & Co. (WFC) all missed revenue expectations, with J.P. Morgan going as far tobreak a streak of 12-straight beats (http://www.marketwatch.com/story/jp-morgans-revenue-misses-for-first-time-in-over-3-years-amid-sharp-declines-in-markets-revenue-2019-01-15). For BofA, net interest income rose to $12.30 billion from $11.46 billion, topping the FactSet consensus of $12.20 billion, while noninterest income grew to $10.43 billion from $8.97 billion to beat expectations of $10.12 billion. For revenue, growth in consumer banking, global wealth and investment management and global banking offset a decline in global markets. The stock has lost 6.9% ove the past three months through Tuesday, while the SPDR Financial Select Sector ETF (XLF) has shed 7.0% and the Dow Jones Industrial Average has declined 6.7%.

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

(END) Dow Jones Newswires

January 16, 2019 07:26 ET (12:26 GMT)

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