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.

Premarket

Last Trade
Delayed
$22.56
-0.21 (-0.92%)
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Market Hours

Closing Price
$22.77
Day's Change
0.00 (0.00%)
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Volume
(Light)
Volume:
278,252

10-day average volume:
68,410,637
278,252

3 S&P sectors climbed this week -- here are the stocks that rose and fell the most

5:24 pm ET April 3, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

Investors anticipate an oil production deal between Saudi Arabia and Russia

Stocks ended the week with relatively moderate declines, considering the "new normal" of high volatility on most days of the coronavirus crisis. The week's winners were mainly energy companies.

-- The Dow Jones Industrial Average fell 361 points, or 1.7%, on Friday to close at 21,052.53. The index is down 2.7% from a week ago, down 28.8% from its closing high on Feb. 12 and down 26.2% so far in 2020. (All figures in this article exclude dividends.)

-- The S&P 500 index lost 1.5% Friday for a one-week decline of 2.1%. The benchmark index has now fallen 26.5% from its closing high on Feb. 19 and is down 23% so far in 2020. This year's slump, of course, follows a 28.9% jump in 2019. Considering how quickly the COVID-19 pandemic led to 10 million in new unemployment claims in two weeks (http://www.marketwatch.com/story/jobless-claims-leap-record-66-million-at-end-of-march-as-coronavirus-triggers-mass-layoffs-2020-04-02), you may be surprised that the S&P 500 is down only 13.4% from a year ago.

-- The Nadaq Composite Index was down 1.5% on Friday for a one-week decline of 1.7%. The index is down 24.9% from its record close on Feb. 19 and down 17.8% so far in 2020.

The oil story

After President Trump called Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin, Trump said on Thursday via Twitter (https://twitter.com/realDonaldTrump/status/1245720677660925952) that he expected the countries to cut oil production by 10 million barrels a day. The president is trying to help U.S. shale oil producers -- who have relatively high production costs -- survive the lack of demand, which has been exacerbated by production increases by Saudi Arabia and Russia. Myra Saefong explained that the U.S. will have to cooperate in an OPEC+ production cut in order for it to be effective (http://www.marketwatch.com/story/why-a-saudi-arabia-russia-deal-to-cut-oil-output-would-mean-nothing-without-us-cooperation-2020-04-03).

West Texas Crude intermediate oil for May delivery ended Friday at $28.34 a barrel, for a 31.8% leap over the week.

Read:I'm not doing this to 'get the price of oil up'-- 'what I'm trying to do is keep it from crashing into the single digits,' says Texas oil regulator (http://www.marketwatch.com/story/im-not-doing-this-to-get-the-price-of-oil-up-what-im-trying-to-do-is-keep-it-from-crashing-into-the-single-digits-says-texas-oil-regulator-2020-04-03)

Here's how the 11 sectors of the S&P 500 performed for the week:

S&P 500 sector Price change - 1 week through April 3 Price change - 2020 Price change - 2019

Energy 5.4% -49.8% 7.6%

Information Technology -2.0% -15.9% 48.0%

Financials -6.8% -36.3% 29.2%

Consumer Discretionary -4.7% -23.6% 26.2%

Materials -3.8% -30.6% 21.9%

Industrials -4.5% -30.8% 26.8%

Communication Services -1.4% -20.8% 30.9%

Health Care 2.0% -14.9% 18.7%

Real Estate -6.2% -24.3% 24.9%

Utilities -7.1% -19.9% 22.2%

Consumer Staples 3.5% -12.0% 24.0%

Source: FactSet

The Dow 30

Here's how the 30 components of the Dow Jones Industrial Average performed for the week, sorted from best to worst:

Company Ticker Price change - 1 week through April 3 Price change - 2020 Price change - 2019

Chevron Corp. US:CVX 9.2% -37.7% 10.8%

Walmart Inc. US:WMT 9.0% 0.5% 27.6%

Johnson & Johnson US:JNJ 8.9% -8.0% 13.0%

Pfizer Inc. US:PFE 8.9% -14.1% -10.2%

Caterpillar Inc. US:CAT 8.8% -22.4% 16.2%

Merck & Co. Inc. US:MRK 6.3% -16.2% 19.0%

Exxon Mobil Corp. US:XOM 6.1% -43.8% 2.3%

Procter & Gamble Co. US:PG 4.5% -7.9% 35.9%

Verizon Communications Inc. US:VZ 3.7% -10.9% 9.2%

Intel Corp. US:INTC 3.4% -9.6% 27.5%

Microsoft Corp. US:MSFT 2.8% -2.5% 55.3%

Coca-Cola Co. US:KO 2.4% -20.8% 16.9%

Cisco Systems Inc. US:CSCO 0.6% -18.6% 10.7%

3M Co. US:MMM 0.4% -24.2% -7.4%

International Business Machines Corp. US:IBM -1.6% -20.7% 17.9%

Dow Inc. US:DOW -2.1% -48.9% N/A

McDonald's Corp. US:MCD -2.2% -18.9% 11.3%

Apple Inc. US:AAPL -2.6% -17.8% 86.2%

Walt Disney Co. US:DIS -2.6% -35.1% 31.9%

Nike Inc. Class B US:NKE -5.3% -22.2% 36.6%

UnitedHealth Group Inc. US:UNH -5.3% -21.9% 18.0%

Visa Inc. Class A US:V -6.0% -19.2% 42.4%

Travelers Companies Inc. US:TRV -6.1% -31.4% 14.4%

Home Depot Inc. US:HD -6.2% -18.2% 27.1%

Goldman Sachs Group Inc. US:GS -7.2% -36.1% 37.6%

Walgreens Boots Alliance Inc. US:WBA -7.5% -30.9% -13.7%

JPMorgan Chase & Co. US:JPM -7.8% -39.7% 42.8%

United Technologies Corp. AR:UTX -12.9% -43.5% 40.6%

American Express Co. US:AXP -17.1% -40.9% 30.6%

Boeing Co. US:BA -23.1% -61.8% 1.0%

Source: FactSet

You can click on the tickers for more about each company, including the latest news coverage.

Scroll the table to see all the data.

S&P 500

Here are the 10 components of the S&P 500 that saw the greatest price increases for the week:

Company Ticker Price change - 1 week through April 3 Price change - 2020 Price change - 2019

Devon Energy Corp. US:DVN 33.2% -67.7% 15.2%

Diamondback Energy Inc. US:FANG 32.3% -66.0% 0.2%

Halliburton Co. US:HAL 19.1% -68.9% -7.9%

Noble Energy Inc. US:NBL 15.3% -75.1% 32.4%

Incyte Corp. US:INCY 14.0% -10.0% 37.3%

Concho Resources Inc. US:CXO 13.5% -45.4% -14.8%

MarketAxess Holdings Inc. US:MKTX 13.0% 2.2% 79.4%

ConocoPhillips US:COP 12.5% -49.4% 4.3%

Campbell Soup Co. US:CPB 12.1% 0.2% 49.8%

Occidental Petroleum Corp. US:OXY 12.0% -68.5% -32.9%

Source: FactSet

(MORE TO FOLLOW) Dow Jones Newswires

April 03, 2020 17:24 ET (21:24 GMT)

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