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
$29.41
Day's Change
0.28 (0.96%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.45
Day's Low
29.01
Volume
(Below Average)
Volume:
42,806,327

10-day average volume:
48,751,566
42,806,327

PayPal stock falls after Guggenheim downgrade

8:55 am ET February 6, 2019 (MarketWatch)
Print

Shares of PayPal Holdings Inc. (PYPL) are down 1.4% in premarket trading Wednesday after Guggenheim's Jeff Cantwell downgraded the stock to neutral from buy. The positives about PayPal "appear to be well-understood, and already reflected in the valuation," he wrote, referring to its OneTouch checkout option, recent acquisitions of iZettle and Hyperwallet, and its network of partners. He also expects that the company will experience headwinds around its total payment volume, stemming from cross-border trends, a diminished role on eBay Inc.'s (EBAY) site, and competitive pressures. "Further, Amazon (AMZN) is beginning to make inroads with merchants with its Amazon Pay button," Cantwell said. PayPal's stock has gained 9% over the past three months, as the S&P 500 has dropped 0.6%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 06, 2019 08:55 ET (13:55 GMT)

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