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
$35.49
-0.045 (-0.13%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$35.53
Day's Change
-0.26 (-0.73%)
Bid
--
Ask
--
B/A Size
--
Day's High
35.94
Day's Low
35.50
Volume
(Light)
Volume:
41,129,267

10-day average volume:
56,491,969
41,129,267

Micron Technology stock jumps toward 20-year high after raised profit, revenue outlook

9:12 am ET December 1, 2020 (MarketWatch)
Print

Shares of Micron Technology Inc. (MU) jumped 3.5% toward a 20-year high in premarket trading Tuesday, after the memory chip maker raised its financial guidance for the fiscal first quarter. The updated guidance comes ahead of the further updates Chief Executive Sanjay Mehrotra is expected to share at the Credit Suisse Annual Technology Conference. Micron raised its guidance range for adjusted earnings per share for the quarter to Dec. 3 to 69 cents to 73 cents from 40 cents to 54 cents, for revenue to $5.70 billion to $5.75 billion from $5.0 billion to $5.4 billion and for reported gross margin to 28.5% to 29.5% from 25.5% to 27.5%. The stock, which is on track to open at the highest price seen during regular-session hours since September 2000, has run up 40.1% over the past three months through Monday, while the PHLX Semiconductor Index has climbed 15.6% and the S&P 500 has tacked on 2.7%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 01, 2020 09:12 ET (14:12 GMT)

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