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
$30.03
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
30.16
Day's Low
29.82
Volume
(Average)
Volume:
61,796,624

10-day average volume:
62,585,531
61,796,624

UPDATE: GE's stock jumps after earnings missed, but revenue rose above expectations

11:53 am ET January 31, 2019 (MarketWatch)
Print

Shares of General Electric Co. (GE) shot up 3.1% in premarket trade Thursday, after the diversified industrial company reported a fourth-quarter profit that missed expectations but revenue that beat. GE swung to net income of $574 million, or 7 cents a share, from a loss of $11.00 billion, or $1.27 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 17 cents, below the FactSet consensus of 22 cents. Revenue rose 5% to $33.28 billion, beating the FactSet consensus of $32.23 billion. Within GE's business segments, power revenue fell 25% to $6.76 billion, below the FactSet consensus of $7.45 billion and aviation revenue rose 21% to $8.46 billion, beating expectations of $7.89 billion. Elsewhere, healthcare revenue rose 2% to $5.40 billion, just above the FactSet consensus of $5.39 billion, and renewable energy revenue climbed 28% to $3.36 billion to top expectations of $3.18 billion. Cash flow from operating activities (CFOA) was $6.39 billion, down from $6.98 billion a year ago. The stock has tumbled 43.7% over the past 12 months, while the Dow Jones Industrial Average has slipped 4.3%.

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

(END) Dow Jones Newswires

January 31, 2019 11:53 ET (16:53 GMT)

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