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
Day's Change
0.64 (2.51%)
B/A Size
Day's High
Day's Low
(Above Average)

10-day average volume:

Fitbit announces new 'low-cost' emergency ventilator

4:39 pm ET June 3, 2020 (MarketWatch)

Fitbit Inc. (FIT) announced Wednesday afternoon that it has received emergency-use authorization for a "low-cost" emergency ventilator. The Fitbit Flow ventilator "builds on standard resuscitator bags, like those used by paramedics, with sophisticated instruments, sensors, and alarms that work together to support automated compressions and patient monitoring," the company said in a release. Chief Executive James Park said in the release that the Flow leverages Fitbit's "expertise in advanced sensor development, manufacturing, and our global supply chain" as the company looks to "address the critical and ongoing need for ventilators." The company said that the devices are intended for health-care systems around the world that don't have enough traditional commercial ventilators to meet their needs and that the ventilators are only intended to be used when traditional ones aren't available. Fitbit is in the process of being acquired by Alphabet Inc.'s (GOOGL)(GOOGL) Google. Shares of the wearables pioneer have dipped 7.5% over the past month as the S&P 500 has added 10%.

-Emily Bary; 415-439-6400;

(END) Dow Jones Newswires

June 03, 2020 16:39 ET (20:39 GMT)

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