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
--
Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)

Today's volume of 746,897 shares is on pace to be much lighter than BAC's 10-day average volume of 121,756,197 shares.

746,897

Apple target lowered at Instinet due to 'severely constrained consumer demand'

11:07 am ET March 23, 2020 (MarketWatch)
Print

Instinet analyst Jeffrey Kvaal lowered his price target on shares of Apple Inc. (AAPL) to $225 from $295, citing "severely constrained consumer demand" amid the outbreak of COVID-19, the disease brought on by the novel coronavirus. "Both Apple and operator partners have closed stores even beyond lockdown areas; we estimate online comprises only 10-15% of phone sales," he wrote. Kvaal thinks the timing of Apple's flagship 5G iPhone launch, which was expected this coming fall, is now "in play," and he hasn't noticed an uptick in Apple services even as more people stay at home. Kvaal also sees the COVID-19 crisis having a direct negative impact on Dell Technologies Inc. (DELL), and he lowered his price target on Dell's stock to $35 from $48. Apple shares are down more than 4% in Monday trading, while Dell's stock is up 2.3% and the Dow Jones Industrial Average is down 2.6%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 23, 2020 11:07 ET (15:07 GMT)

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