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 falls again, extends post-earnings loss streak to 5 sessions

10:37 am ET August 6, 2019 (MarketWatch)

Shares of General Electric Co. (GE) fell 1.4% in morning trading Tuesday, to put them on track to stretch its post-earnings-report losing streak to five sessions. The industrial conglomerate's stock has now shed 9.5% since GE reported second-quarter results. The company had reported before last Wednesday's open ( an adjusted profit and revenue that beat expectations, and raised its full-year cash flow guidance, but said showed that its power business continued to struggle, said the negative impact of the grounding of Boeing Co.'s (BA) 737 Max planes would ramp up in the second half of the year and that CFO Jamie Miller was leaving after less than two years in the role. The stock has initially rallied as much as 2.6% on Wednesday after the results, but reversed course to close down 0.7% that day. The stock has now shed 8.7% over the past three months, while the SPDR Industrial Select Sector ETF (XLI) has slipped 4.4% and the Dow Jones Industrial Average has eased 2.3%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

August 06, 2019 10:37 ET (14:37 GMT)

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