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
$28.11
Day's Change
1.33 (4.97%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.01
Day's Low
27.88
Volume
(Heavy Day)
Volume:
118,767,892

10-day average volume:
88,272,532
118,767,892

UPDATE: Getting crushed in this market? One look at Warren Buffett's portfolio and you might feel a lot better about yours

9:45 am ET March 28, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

Warren Buffett said earlier this month that he hadn't seen anything like the coronavirus pandemic. "If you stick around long enough, you'll see everything in markets," he told Yahoo Finance (http://www.marketwatch.com/story/warren-buffett-on-the-one-two-punch-market-panic-it-took-me-89-years-to-experience-something-like-this-2020-03-11). "And it may have taken me to 89 years of age to throw this one into the experience."

A couple of weeks later, and it's only gotten more dire as infections mount around the world and the stock market continues to spin out of control in both directions.

So how is the Berkshire Hathaway(BRKA)boss holding up? Well, for starters, he's sitting on a cash pile that has him prepared to pick up the pieces once this all blows over.

But, just like everybody else, his portfolio obviously hasn't been immune to all this volatility. Just check out this most current list of his top holdings, courtesy of Bespoke Investment Group (https://www.bespokepremium.com/interactive/posts/think-big-blog/warren-buffet-portfolio-check-up):

"While Buffett is well known for weathering the worst market downturns and coming out stronger, the last several weeks have been just as painful on his portfolio as it has on the broader market," Bespoke explained in a post noting that the average stock in his top holdings is off 37%.

His hardest hit position is Occidental Petroleum(OXY), which has lost three-quarters of its value this year. On the flip side, Amazon(AMZN)is his best performer, though neither of those stocks crack the top 20 in terms of his holdings, as of the end of last year.

As you can see, his biggest position, Apple(AAPL) , takes up more than a third of his portfolio and has managed to navigate the nasty market better than most of the rest. But still, at the S&P 500'speak, Bespoke noted, Buffett's massive Apple stake was worth almost $80 billion. Now, after the big downturn, it's all the way down to $58 billion.

Most of his positions are likely enjoying upticks Wednesday, with the Dow Jones Industrial Averageadding to its huge rally in the prior session with a 496-point jump. The S&P also closed higher while the Nasdaqended lower.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 28, 2020 09:45 ET (13:45 GMT)

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