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
$29.80
-0.14 (-0.47%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$29.94
Day's Change
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
23,180

10-day average volume:
59,031,548
23,180

Avon Products shares dip 3.5% premarket after revenue falls short

7:00 am ET August 1, 2019 (MarketWatch)
Print

Avon Products Inc. shares (AVP) slid 3.5% in premarket trade Thursday, after the personal care products company missed revenue esitmates for the second quarter. The company said it had a net loss of $19.5 million, or 6 cents a share, in the quarter, after a loss of $36.1 million, or 9 cents a share, in the year-earlier period. Adjusted per-share earnings came to 6 cents, ahead of the 3 cents FactSet consensus. Revenue fell to $1.175 billion from $1.352 billion, missing the FactSet consensus of $1.235 billion. "Our focus on productivity in the second quarter, including less discounting, more effective incentives, optimizing promotions and more favorable mix, led to a 5% improvement in Average Representative Sales with price/mix up 9%," Chief Executive Jan Zijderveld said in a statement. "We have continued to improve mix and tiering by increasing our focus on higher priced categories, like Fragrance, Skin Care, and product bundles. " Shares have gained 180% in 2019, while the S&P 500 has gained 19%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 01, 2019 07:00 ET (11:00 GMT)

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