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.

Premarket

Last Trade
Delayed
$26.93
0.00 (0.00%)
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Market Hours

Closing Price
$26.93
Day's Change
0.00 (0.00%)
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Day's High
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Day's Low
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Volume
(Light)
Volume:
575

10-day average volume:
63,255,493
575

Stocks climb toward records after corporate earnings

9:33 am ET April 16, 2019 (MarketWatch)
Print

U.S. equities rose at the opening bell on Tuesday, following a round of better than expected corporate earnings. The S&P 500 rose 0.3% to 2,914. The Dow Jones Industrial Average advanced 135 points, or 0.5%, to 26,520. The Nasdaq Composite was up 0.3% to 8,002. All three benchmarks are inching closer to their all-time highs established late last year. The broad-based S&P 500 is less than 1% away from its record close set in Sept. 20. Earnings from BlackRock Inc. (BLK) came in higher than analysts' expectations, while first-quarter revenues for Bank of America Corp. (BAC) fell short of forecasts. Investors will maintain a close eye on the financial sector's earnings as banks juggle with falling interest margins and slower U.S. growth. In other company news, shares of UnitedHealth Group Inc. (UNH) rose 3% after its first-quarter earnings and revenues topped Wall Street expectations.

-Sunny Oh; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 16, 2019 09:33 ET (13:33 GMT)

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