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
$23.79
Day's Change
1.13 (4.96%)
Bid
--
Ask
--
B/A Size
--
Day's High
23.95
Day's Low
23.67
Volume
(Heavy Day)

Today's volume of 20,568,076 shares is on pace to be much greater than BAC's 10-day average volume of 71,799,767 shares.

20,568,076

UPDATE: Tesla Fremont facility can reopen next week if company complies with public-safety measures, county says

10:20 am ET May 13, 2020 (MarketWatch)
Print

Alameda County officials said they have reviewed Tesla Inc.'s (TSLA) site-specific plan for reopening its Fremont, Calif. car-making plant and held "productive" discussions with the company about its safety and prevention plans during the coronavirus pandemic. In a statement, the county's public health department said it has added recommendations and if they are included and public health indicators remain stable or improve, Tesla could expand its minimum business operations this week for possible reopening as early as next week. "We will be working with the Fremont Police Department to verify Tesla is adhering to physical distancing and that agreed upon health and safety measures are in place for the safety of their workers as they prepare for full production," said the statement. Monday marks two weeks from the May 4 order that loosened restrictions, but the county will continue to monitor data as it decides on the pace of reopening. The statement comes after Tesla Chief Executive Elon Musk reopened the Fremont facility on Monday and tweeted that if local authorities wanted to arrest anyone, it should be him. Musk has railed against lockdown orders for weeks and even described them as "fascist" on Tesla's recent earnings call. His latest beef in weekend tweets was that the county of Alameda where the plant is based was not moving as fast as the state in loosening restrictions. The plant, which employs 10,000 workers, has been closed since March 23. Tesla shares were up 1.7% premarket and have gained 93% in the year to date, while the S&P 500 has fallen 11%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 13, 2020 10:20 ET (14:20 GMT)

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