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
$19.77
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)

Today's volume of 756,933 shares is on pace to be much lighter than BAC's 10-day average volume of 121,756,197 shares.

756,933

UPDATE: Delta projects 80% drop in second-quarter revenue, or $10 billion; it is burning through $50 million in cash per day

4:58 pm ET March 20, 2020 (MarketWatch)
Print

Delta Air Lines Inc. (DAL) warned in an 8K filing on Friday that second-quarter revenue will plunge 80%, or $10 billion, from the year-ago quarter as it burns through $50 million in cash per day because of coronavirus. The largest airline also said it was suspending stock buybacks and its dividend, and has secured a $2.6 billion line of credit. The company "To put this in context, despite all the self-help measures we are taking, we are currently burning roughly $50 million in cash each day," Delta Chief Executive Ed Bastian said in a message to employees.

-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 20, 2020 16:58 ET (20:58 GMT)

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