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
$33.01
Day's Change
-0.98 (-2.88%)
Bid
--
Ask
--
B/A Size
--
Day's High
33.63
Day's Low
32.70
Volume
(Average)
Volume:
57,684,295

10-day average volume:
54,207,175
57,684,295

DXC Technology shares jump 5% after mixed fiscal Q1 for company

6:11 pm ET August 6, 2020 (MarketWatch)
Print

Shares of DXC Technology Co. (DXC) rose more than 6% in the extended session Thursday after the IT services company reported fiscal first-quarter sales above Wall Street expectations but missed on adjusted EPS forecasts. DXC said it lost $199 million, or 81 cents a share, in the quarter, contrasting with a profit of $168 million, or 61 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $59 million, or 21 cents a share. Revenue fell to $4.5 billion from $4.9 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 65 cents a share on sales of $4.4 billion. "Our focus on customers is allowing us to stabilize revenues, expand margins, and bring the 'new DXC' to the market," Chief Executive Mike Salvino said in a statement. The company said it is on track with the sale of its U.S. state and local health and human services business in the second quarter; moreover, the previously announced sale of its healthcare software business "will further enhance our financial flexibility," it said. Shares of DXC Technology rose 1.1% in the extended session.

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

(END) Dow Jones Newswires

August 06, 2020 18:11 ET (22:11 GMT)

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