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
$24.09
Day's Change
0.60 (2.55%)
Bid
--
Ask
--
B/A Size
--
Day's High
24.31
Day's Low
23.79
Volume
(Light)
Volume:
47,996,895

10-day average volume:
60,590,044
47,996,895

United Airlines to furlough thousands more: WSJ

12:00 pm ET July 8, 2020 (MarketWatch)
Print

United Airlines Holdings Inc. (UAL) warned its workers it could furlough 36,000 of them and likely move to layoffs in August, The Wall Street Journal reported Wednesday. United as of December had about 96,000 employees, but thousands since have lost their jobs temporarily or otherwise as air travel continues to be hobbled by measures designed to curb the spread of the coronavirus. In a filing Tuesday, United said its management held a town hall-style meeting with employees and told them capacity for June was down about 88% year-over-year, and July capacity is expected to be down about 75%. August capacity was seen down around 65%, including schedule cuts announced last week due to less demand for destinations going through rises in COVID-19 cases, on new quarantine requirements, or other restrictions on travel, the company said. United "does not expect the recovery from COVID-19 to follow a linear path, as illustrated by recent booking and demand trends, and that consolidated capacity through the end of 2020 is expected to be generally consistent with August 2020," it said. Shares of United fell more than 2% in midday trading Wednesday and are down 64% this year, compared with losses around 3% and 9% for the S&P 500 index and the Dow Jones Industrial Average .

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 08, 2020 12:00 ET (16:00 GMT)

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