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.

Price
Delayed
$19.82
Day's Change
0.05 (0.25%)
Bid
--
Ask
--
B/A Size
--
Day's High
19.88
Day's Low
19.59
Volume
(Heavy Day)

Today's volume of 2,451,909 shares is on pace to be much greater than BAC's 10-day average volume of 121,756,197 shares.

2,451,909

Tesla upgraded by Morgan Stanley on expectations it has liquidity, access to capital to manage through virus

9:56 am ET March 19, 2020 (MarketWatch)
Print

Tesla Inc. shares (TSLA) were upgraded to equal weight from underperform by Morgan Stanley on Thursday, with analysts led by Adam Jonas saying their long-term model remains intact as the coronavirus that causes COVID-19 forces production cuts. Jonas updated fiscal 2020 delivery forecasts to include one month of lost production at the electric car maker's Fremont plant in California, lowering it to 420,000 from a previous 450,000. "We believe Tesla has sufficient liquidity and access to capital during this time," the analyst wrote in a note to clients. The stock is now trading below Morgan Stanley's $460 price target, which it cut from $480 previously. Jonas had downgraded Tesla stock in January at a time when the price was close to $1,000 and sentiment was buoyant. The virus has had the effect of bringing that to a more realistic level that reflects the company's value, he wrote. Tesla shares were up 0.5% Thursday, and have gained about 36% in the last 12 months, while the S&P 500 has fallen 15%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 19, 2020 09:56 ET (13:56 GMT)

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