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.

Closing Price
Day's Change
1.33 (4.97%)
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UPDATE: 'We're in a war' -- Bank of America boss takes aim at coronavirus

8:43 pm ET March 15, 2020 (MarketWatch)

By Shawn Langlois, MarketWatch

That's Bank of America(BAC)CEO Brian Moynihan talking to CBS on Sunday ( the coronavirus and how he plans to navigate it as the head of one of America's biggest banks.

"We have to take precautions to meet our part of the war, which is to get our teammates socially distanced, to go back to central operations to make sure we work," he said. "This is a health-care crisis and a humanitarian crisis. We can't forget we have to take care of people and handle that first."

Part of those efforts to "take care of people," includes the deferral of payments on credit cards and mortgages for customers having trouble with coming up with the cash. "You don't want people to be penalized because of the coronavirus," Moynihan said.

He mentioned, however, that, despite the huge hit to the market, this latest crisis is not reminiscent of the last. "This is a quick change from what was a solidly growing economy," he said, explaining that banks are equipped "with capital liquidity that is so different than the last crisis."

Watch the full interview:


Meanwhile, the stock market is setting up for a nasty start to the trading week, with futures on the Dow Jones Industrial Average , Nasdaq Compositeand S&P 500getting slammed.

-Shawn Langlois; 415-439-6400;

(END) Dow Jones Newswires

March 15, 2020 20:43 ET (00:43 GMT)

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