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
$26.11
Day's Change
0.64 (2.51%)
Bid
--
Ask
--
B/A Size
--
Day's High
26.19
Day's Low
25.26
Volume
(Above Average)
Volume:
63,354,498

10-day average volume:
56,075,071
63,354,498

UPDATE: Weekend reads: About that extra $600 a week from Uncle Sam ...

6:43 am ET May 31, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

Also, COVID-19 and creative accounting, stimulus debit cards and how early retirees are handling the coronavirus crisis

As part of the government effort to mitigate the economic pain of the coronavirus pandemic, those getting unemployment checks now receive an extra $600 a week. Researchers at the University of Chicago have estimated two-thirds of jobless workers now would receive more money in unemployment benefits (http://www.marketwatch.com/story/a-staggering-number-of-laid-off-workers-are-receiving-more-money-from-unemployment-benefits-than-when-they-were-employed-2020-05-26) than they would have earned if they hadn't lost their jobs. Of course, though, that extra $600 kick-in from the federal government is temporary, expiring in July.

Related: The extra $600 Americans receive in weekly unemployment benefits ends in July -- how that could cost the U.S. more jobs (http://www.marketwatch.com/story/ending-the-extra-600-a-month-americans-are-getting-in-unemployment-benefits-could-cost-the-us-more-jobs-some-economists-say-2020-05-28)

COVID-19 and creative accounting

Most S&P 500 companies direct attention to adjusted figures in their quarterly reports. This can help investors to understand how core operations are performing by netting out noncash charges. But this can also confuse investors by hiding items that can affect them. (An example is large stock-based compensation packages for executives.)

Emily Barry explains how the coronavirus crisis has led to even more creative accounting (http://www.marketwatch.com/story/how-companies-are-becoming-creative-with-accounting-during-the-covid-19-pandemic-2020-05-28).

Check your mailbox carefully -- spread the word

Most people in the U.S. who are receiving stimulus payments from the federal government are receiving the money through direct deposit. But there are still millions of checks going out. The twist is that some payments being sent in the mail are debit cards, and some have been thrown out by people who thought they were junk mail (http://www.marketwatch.com/story/check-your-junk-mail-4-million-americans-are-getting-their-stimulus-payments-as-prepaid-debit-cards-not-checks-2020-05-27), as Nicole Lyn Pesce reports.

The hidden strength of this bull market

Mark Hulbert explains the depth of the current bull market for stocks (http://www.marketwatch.com/story/why-the-stock-market-right-now-is-stronger-than-even-the-most-bullish-investors-believe-2020-05-29), beyond the giant tech companies that dominate investors' attention.

Warren Buffett may have goofed again

Michael Brush believes Berkshire Hathaway Inc. (BRKA) (BRKA) CEO Warren Buffett made a big mistake selling the company's airline stock investments (http://www.marketwatch.com/story/heres-why-warren-buffett-made-a-huge-mistake-selling-his-airline-stocks-2020-05-26), after they had been crushed by the coronavirus shutdown.

Also:Sorry, Bill Ackman, but the truth is you're not Warren Buffett's ideal investor, either (http://www.marketwatch.com/story/sorry-bill-ackman-truth-is-youre-probably-not-warren-buffetts-ideal-investor-2020-05-28)

How people are using their stimulus money

A cynic might expect people receiving coronavirus crisis stimulus payments from the federal government to go on spending sprees. Here's what people are really doing with the money (http://www.marketwatch.com/story/the-no-1-thing-americans-are-spending-their-stimulus-checks-on-even-more-than-splurging-in-costco-walmart-and-target-2020-05-23).

More people are jumping into the stock market -- avoid these day-trading mistakes

Large brokerage firms have said new account activity is surging, which might mean that you are among the investors stuck at home, tempted to try to make a quick killing. Here are seven day-trading mistakes to avoid (http://www.marketwatch.com/story/quarantine-brings-out-peoples-inner-stock-trader-heres-how-to-avoid-their-mistakes-2020-05-27), from Michael Sincere.

Life in Spain now: lines

Barbara Kollmeyer explains what life is like right now in Spain (http://www.marketwatch.com/story/long-lines-and-plenty-of-limitations-on-the-other-side-of-spains-pandemic-2020-05-29), as that hard-hit country slowly reopens its economy.

Need a haircut?

Here's what to expect when you return to the barber or hair salon (http://www.marketwatch.com/story/when-are-hair-salons-and-barber-shops-reopening-many-are-back-in-business-and-customers-should-be-ready-to-pay-covid-19-fees-wash-their-own-hair-and-skip-the-chit-chat-with-their-stylist-2020-05-29).

How early retirees are faring financially during the COVID-19 crisis

Alessandra Malito interviews a couple who decided to retire early, nearly 30 years ago, about how they have lived and managed their finances (http://www.marketwatch.com/story/these-early-retirees-investments-survived-the-great-recession-911-and-the-dot-com-boom-heres-how-the-covid-crisis-is-affecting-them-2020-05-26) before and during the coronavirus crisis.

A tough time to untie the knot

Getting divorced is particularly difficult during a pandemic and financial crisis. Here are seven tips on how to end your marriage responsibly (http://www.marketwatch.com/story/divorce-during-the-pandemic-is-harder-than-it-already-is-heres-what-you-need-to-know-2020-05-27).

This hot stock may not sizzle this summer

Shares of Beyond Meat Inc. (BYND) have shot up 60% this year, but here are three reasons the company's sales growth may decelerate (http://www.marketwatch.com/story/3-big-reasons-why-beyond-meat-wont-make-big-inroads-with-consumers-over-coronavirus-even-as-supermarkets-give-it-more-shelf-space-2020-05-27).

A deep dive into election numbers

President Trump faces a tough re-election battle. While he appeared to be gaining popularity among Hispanic voters, the COVID-19 crisis may have lowered his support (http://www.marketwatch.com/story/trump-appeared-to-be-gaining-with-latino-voters-and-then-coronavirus-hit-2020-05-27) from this crucial voting bloc.

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-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 31, 2020 06:43 ET (10:43 GMT)

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