Bank of America Corp
Change company Symbol lookup
Select an option...
BAC Bank of America Corp
SU Suncor Energy Inc
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETNs
GE General Electric Co
HLNE Hamilton Lane Inc
HLI Houlihan Lokey Inc
HIG Hartford Financial Services Group Inc
HIBB Hibbett Sports Inc
HHC Howard Hughes Corp

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.

Closing Price
Day's Change
0.64 (2.51%)
B/A Size
Day's High
Day's Low
(Above Average)

10-day average volume:

Adobe results top expectations but outlook misses as coronavirus impacts customer spending

4:16 pm ET March 12, 2020 (MarketWatch)

Adobe Systems Inc. shares (ADBE) were up 3.5% in after-hours trading Thursday after the software company beat expectations with its fiscal first-quarter report but delivered a lower-than-anticipated outlook for the current quarter, citing coronavirus headwinds. The company posted net income of $955 million, or $1.96 a share, up from $674 million, or $1.36 a share, in the year-prior quarter. The company reported adjusted earnings per share of $2.27, up from $1.71 in the year-prior period and ahead of the $2.23 that analysts surveyed by FactSet had been modeling. Adobe's revenue rose to $3.09 billion from $2.6 billion a year earlier, whereas analysts had been modeling $3.05 billion. The company expects fiscal second-quarter revenue of about $3.175 billion and adjusted EPS of $2.35. Analysts were modeling revenue of $3.22 billion and adjusted EPS of $2.33. Adobe said in its release that the targets "factor the expected impact of the global uncertainty caused by the COVID-19 situation based on the latest data and information available," referring to the disease brought on by the novel coronavirus. Adobe expects that enterprises could delay bookings decisions, reduce marketing spending, and delay consulting service implementations. Consumers are reducing their spending in affected countries, Adobe said, and software-license revenue driven by channel partners could also be affected. Adobe's stock is down about 13% so far this year, as the S&P 500 has lost 22%.

-Emily Bary; 415-439-6400;

(END) Dow Jones Newswires

March 12, 2020 16:16 ET (20:16 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.