Bank of America Corp
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Financials : Banks | Large Cap Value
Company 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.


Last Trade
-0.97 (-3.33%)
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0.00 (0.00%)
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Redfin stock gains 7% on narrower quarterly loss, sales beat

4:13 pm ET February 12, 2020 (MarketWatch)

Shares of Redfin Corp. (RDFN) rose more than 7% in the extended session Wednesday after the real estate company reported a narrower quarterly loss and sales that jumped 88% year-on-year. Redfin said it lost $7.8 million, or 8 cents a share, in the quarter, compared with a net loss of $12.2 million, or 14 cents a share, in the fourth quarter of 2018. Sales rose 88% to $233 million, from $124 million a year ago. Analysts polled by FactSet expected a loss of 12 cents a share on sales of $217 million. The company guided for first-quarter revenue between $179 million and $188 million, and a net loss between $72 million and $68 million. The analysts surveyed by FactSet expect sales of $179 million in the first quarter. Redfin shares ended the regular trading day up 1.6%.

-Claudia Assis; 415-439-6400;

(END) Dow Jones Newswires

February 12, 2020 16:13 ET (21:13 GMT)

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