Bank of America Corp
Change company Symbol lookup
Select an option...
BAC Bank of America Corp
DIS Walt Disney Co
V Visa Inc
UTX United Technologies Corp
UNH UnitedHealth Group Inc
TRV Travelers Companies Inc
PG Procter & Gamble Co
PFE Pfizer Inc
NKE Nike Inc

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
Day's Change
0.78 (2.97%)
B/A Size
Day's High
Day's Low

10-day average volume:

Roku stock gains after Needham calls Disney+ launch a big catalyst

8:58 am ET April 16, 2019 (MarketWatch)

By Emily Bary

Analyst says Disney+ could add $1 billion to Roku's current valuation

Needham analyst Laura Martin reiterated her bullish view of Roku Inc. shares on Tuesday, writing that Walt Disney Co.'s planned launch of a dedicated streaming service could be the "next $1 billion upside driver" for the company.

Martin is expecting the fall arrival of Disney+ (, the new streaming service, to be a key catalyst for Roku's stock (ROKU), with the potential to add $187 million in new revenue for the company in 2024, made up of both subscription revenue and marketing spending from Disney (DIS). When Martin discounts this projection to 2020, she calculates revenue value of $135 million for next year and deems that the launch could add almost $1 billion to Roku's current valuation.

Roku shares are up 3% in premarket trading.

Don't miss: People may be reaching their limit on streaming services (

Martin argued that the Disney+ launch could have implications across the streaming landscape. She estimates that Netflix pays Roku the lowest fees of the various streaming players for each new subscriber that Roku signs up, but she expects that the Netflix economics could improve once there's more competition in the space. Netflix might have to buy more ads on Roku's platform to generate new subscribers if existing ones leave for rival services, in Martin's view.

Read: Disney's most outspoken bear reluctantly upgrades the stock (

Nonetheless, she referred to Netflix as "Roku's past, not its future," since the company benefits more if subscribers leave Netflix and join other streaming services through the Roku platform.

Martin has a buy rating and $85 price target on the stock, which she calls her top pick for the year. Shares are up 42% over the past three months, while the S&P 500 has gained 11%.

-Emily Bary; 415-439-6400;

(END) Dow Jones Newswires

April 16, 2019 08:58 ET (12:58 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2019 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2019. All rights reserved.