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.

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Today's volume of 811,593 shares is on pace to be much lighter than BAC's 10-day average volume of 121,756,197 shares.


Tesla tells 'essential' employees to come to work in California: report

3:36 pm ET March 18, 2020 (MarketWatch)

Tesla Inc. (TSLA) told some employees at its factory in Fremont, Calif., to continue to come to work, the San Jose Mercury News reported Wednesday, citing an email from Tesla management it said it obtained. Late Tuesday, officials in Alameda County, one of seven San Francisco Bay area counties under a "shelter in place" order, deemed the Tesla factory a non-essential business ( that would only maintain "minimum basic operations" amid the regional lockdown. The newspaper said that the memo cited "conflicting guidance" from different levels of government about what it could operate. Tesla is continuing to operate with only "essential employees" at the factory, and other employees are working from home, the newspaper reported. Tesla has not responded to requests for comment. The shares have dropped 17% on Wednesday amid another U.S. equities carnage, holding on to gains around 30% for the past 12 months. Those 12-month gains contrast with losses around 18% for the S&P 500 index. . CNBC reported earlier Tuesday that General Motors Co. (GM), Ford Motor Co. (F) and Fiat Chrysler Automobiles NV (FCA.MI) were planning to close their U.S. auto factories amid nationwide efforts to contain the novel coronavirus pandemic.

-Claudia Assis; 415-439-6400;

(END) Dow Jones Newswires

March 18, 2020 15:36 ET (19:36 GMT)

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