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
-1.09 (-3.74%)
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0.00 (0.00%)
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10-day average volume:

Stocks close lower amid rise in coronavirus outbreak

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

U.S. stocks retreated from records on Thursday, albeit after paring losses, following a change in China's methodology of the COVID-19. The S&P 500 fell 0.2% to end around 3,374. The Dow Jones Industrial Average shed 128 points, or 0.4%, to end near 29,423, based on preliminary numbers. The Nasdaq Composite edged 0.1% down to around 9,712. All three major equity benchmarks finished at records on Wednesday. The S&P 500 and Nasdaq snapped a three-day winning streak. Investors balanced the broadly bullish sentiment against rising uncertainty around the coronavirus that threatens to hit China's economy and spillover elsewhere. Chinese health officials changed their methodology on how they counted confirmed cases of the coronavirus, resulting in a sharp climb in the number of cases and deaths due to the disease. A growing number of companies including Alibaba (BABA) are reporting a negative impact from the viral outbreak. In other corporate news, Cisco System Inc. (CSCO) shares fell 5.3% even after its second-quarter even after its second-quarter profit and revenue beat Wall Street expectations.

-Sunny Oh; 415-439-6400;

(END) Dow Jones Newswires

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

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