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.

Postmarket

Last Trade
Delayed
$24.92
0.02 (0.08%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$24.90
Day's Change
0.03 (0.12%)
Bid
--
Ask
--
B/A Size
--
Day's High
25.26
Day's Low
24.71
Volume
(Below Average)
Volume:
51,007,411

10-day average volume:
60,730,446
51,007,411

UPDATE: Zoom Video adds online events, apps to service

11:31 am ET October 14, 2020 (MarketWatch)
Print

By Jon Swartz

OnZoom is a new platform for online events such as classes and entertainment in the U.S.

Zoom Video Communications Inc., which has flourished during the pandemic, spurring a 653% jump in its stock price this year, is adding online events and apps to its toolkit.

On Wednesday, the company announced two new services -- OnZoom and Zapps -- to kick off its annual user conference, Zoomtopia. Zoom (ZM) also is scheduled to hold a financial analyst meeting Wednesday.

OnZoom is a new platform for online events such as classes and entertainment in the U.S. Events are free and paid, with up to 1,000 participants. It is intended for anyone from an individual to small businesses and enterprises to host.

If this sounds familiar, that's because Facebook Inc. (FB) in August introduced a new feature in 20 countries for paid online events (https://www.marketwatch.com/story/facebook-announces-paid-online-events-for-small-businesses-2020-08-14) like a yoga class or seminar for small businesses, creators, educators, and publishers via the social-networking giant's platform. Called Now Pages, it allows for the creation of an online event, setting prices, promoting the event, and collecting payment for hosts of the event. Facebook will not collect any fees for paid online events for at least the next year.

The other product announcement from Zoom, called Zapps, allows for applications to be embedded in meetings and seminars. Its goal is to "enhance collaboration before, during, and after a meeting," Ross Mayfield, who leads product integration at Zoom, said in a virtual briefing Tuesday.

Among the hundreds of apps under development is one from Dropbox Inc. (DBX) to improve meeting workflow. Other app developers include Box Inc. (BOX), Slack Technologies Inc. (WORK) and ServiceNow Inc. (NOW).

This year's Zoomtopia user conference is virtual, and expected to be attended by 50,000. In his keynote address Wednesday morning, company chief executive Eric Yuan touched on the cultural zeitgeist of the company and reviewed its technology, including the additions of OnZoom and Zapps.

"We believe the future is a true hybrid" of working from home and going into the office, Yuan said, necessitating the need for devices -- including cars -- and applications that take both into consideration.

-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 14, 2020 11:31 ET (15:31 GMT)

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