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: Amazon buys back zero shares again, and stock keeps outperforming

2:38 pm ET February 1, 2019 (MarketWatch)
Print

Amazon.com Inc. (AMZN) said in its 2018 annual report filing that although it can, it chose not to repurchase any of its shares during 2018. The e-commerce giant is cleared to spend up to $5 billion to repurchase shares, but hasn't bought back any stock since it spent $960 million worth in 2012. In addition, Amazon still has never paid a dividend. But before shareholders complain about the company not returning cash to shareholders--it has pledged to spend more on growing its business this year (http://www.marketwatch.com/story/amazon-will-spend-more-cash-in-2019-and-thats-a-good-thing-2019-02-01) than it did in 2018--consider that the stock continues to outperform Apple Inc. (AAPL), which spent over $70 billion on share repurchases in calendar 2018, including $8.2 billion in the December quarter (http://www.marketwatch.com/story/apple-buys-a-lot-of-stock-high-then-stops-buying-low-2019-01-31), and about $14 billion on dividends. Amazon's stock soared 28.4% in 2018, while Apple shares returned (including dividends) a negative 5.4%. In comparison, the S&P 500 fell 6.2% last year. In 2017, shares of Amazon ran up 56.0% and Apple returned 48.5%, while the S&P 500 climbed 19.4%.

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

(END) Dow Jones Newswires

February 01, 2019 14:38 ET (19:38 GMT)

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