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.

Day's Change
0.275 (1.21%)
B/A Size
Day's High
Day's Low
(Heavy Day)

Today's volume of 11,890,141 shares is on pace to be much greater than BAC's 10-day average volume of 67,707,991 shares.


UPDATE: Trump vows U.S. energy sector will come back as he sees Russia-Saudi oil agreement

6:28 pm ET April 3, 2020 (MarketWatch)

By Robert Schroeder, MarketWatch

President Donald Trump on Friday met with the chiefs of major oil companies and vowed that the U.S. energy sector will revive and he reiterated he saw a Russia-Saudi Arabia deal over oil production in the offing.

"We'll work this out and we'll get our energy business back," Trump said at a White House roundtable with the heads of Exxon Mobil (XOM), Chevron (CVX), Occidental Petroleum (OXY) and other major oil companies.

At a briefing later Friday, Trump announced he is making space available in the Strategic Petroleum Reserve to let American producers store surplus oil that can be sold at a later time.

Trump also said he discussed the idea of tariffs on imported oil.

Harold Hamm, executive chairman of Continental Resources Inc, a fracking company, has called for the White House to put tariffs on oil imports from Saudi and Russia, according to the Wall Street Journal.

Friday, oil prices extended their Thursday rally on growing expectations that major oil producers will strike a deal to significantly cut production levels (, as efforts to slow the spread of the COVID-19 pandemic restricts travel and trade and hurts energy demand. U.S. oil prices climbed by nearly 32% for the week.

Also see:Why a Saudi Arabia-Russia deal to cut oil output would mean nothing without U.S. cooperation (

Trump told the executives that President Vladimir Putin of Russia and Saudi Crown Prince Mohammed bin Salman are seeking to make a deal on oil output.

"President Putin and the Crown Prince want something to happen badly," Trump said, reiterating that he has spoken with both leaders.

Now read:Trump doubles down on claim of Saudi, Russian oil cuts (

Sign up for Trump Today and more MarketWatch newsletters (

-Robert Schroeder; 415-439-6400;

(END) Dow Jones Newswires

April 03, 2020 18:28 ET (22:28 GMT)

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