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

10-day average volume:

GE's stock sinks on heavy volume a day after announcing earnings, CFO departure

2:11 pm ET August 1, 2019 (MarketWatch)

Shares of General Electric Co. (GE) sank 3.9% in very active afternoon trading, extending the pullback in the wake of second-quarter results and the selloff in the broader stock market. Trading volume swelled to 49.5 million shares, enough to make GE's stock the most actively traded on major U.S. exchanges. On Wednesday, the stock had rallied as much as 2.6% in intraday trading after GE beat profit expectations ( but said Chief Financial Officer was stepping down after less than 2 years in the role. Gimme Credit analyst Carol Levenson reiterated her underperform rating on GE, saying she questioned the timing of the departure of Chief Financial Officer Jaimer Miller, but reversed course to close down 0.7%, weighed down by a sharp late selloff in the broader market ( on the back of disappointing rhetoric from the Federal Reserve. "We wonder about all these things, especially if things really are looking up, as management contends," Levenson wrote in a research note. On Thursday, the Dow Jones Industrial Average fell 193 points, reversing earlier intraday gains of as much as 311 points. GE's stock has now lost 0.6% over the past three months, while the Dow has gained 1.0%

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

August 01, 2019 14:11 ET (18:11 GMT)

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