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.

Premarket

Last Trade
Delayed
$28.16
-0.97 (-3.33%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$29.13
Day's Change
0.00 (0.00%)
Bid
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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:
10,356

10-day average volume:
56,916,253
10,356

Tesla's stock drops after stock offering prices at $767, a near-5% discount

8:37 am ET February 14, 2020 (MarketWatch)
Print

Shares of Tesla Inc. (TSLA) dropped 2.6% in premarket trading, after the electric vehicle maker disclosed that its previously announced common stock offering (http://www.marketwatch.com/story/tesla-stock-falls-after-company-unveils-plan-to-issue-about-2-billion-of-stock-2020-02-13) priced at a discount of nearly 5%. Tesla said it is offering 2.65 million shares for sale priced at $767 a share, which is 4.6% below Thursday's closing price of $804, to raise $2.03 billion. The underwriters of the offering, led by Goldman Sachs and Morgan Stanley, were granted options to buy up to an additional 397,500 shares to cover over-allotments, which if exercised Tesla would raise up to $2.34 billion. Chief Executive Elon Musk indicated "preliminary interest" in buying up to 13,037 shares in the offering, , which would be valued at $10 million at the offering price, while board member Larry Ellison indicated interest in buying up to 1,303 shares for about $1 million. The stock, which rose 4.8% on Thursday after the stock offering was announced, has more than doubled (up 130%) over the past three months, while the S&P 500 has gained 9.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 14, 2020 08:37 ET (13:37 GMT)

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