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
$31.55
Day's Change
-0.22 (-0.69%)
Bid
--
Ask
--
B/A Size
--
Day's High
31.75
Day's Low
31.25
Volume
(Light)
Volume:
45,314,482

10-day average volume:
60,204,134
45,314,482

Microsoft will likely beat Street views in December quarter as pandemic accelerates shift to cloud: Wedbush

7:14 am ET December 30, 2020 (MarketWatch)
Print

Microsoft Inc. (MSFT) is likely to again exceed earnings expectations for its December quarter, as the current work-from-home environment is accelerating the shift to cloud, Wedbush analyst Dan Ives wrote in a Wednesday note. "While we have seen the momentum of this backdrop in the last few quarters, we believe deal flow looks strong heading into the rest of FY21 as we estimate that Microsoft is still only 35% through penetrating its unparalleled installed base on the cloud transition," Ives wrote. "To this point, we believe Azure's cloud momentum is still in its early days of playing out within the company's massive installed base and the Office 365 transition for both consumer/enterprise is providing growth tailwinds over the next few years." Wedbush rates Microsoft as outperform and is sticking with its $260 12-month price target, which is just above its current price of $224.77. Ives is also sticking with his view that Microsoft is the core cloud name to play the sector during the pandemic, with a further infection in cloud growth to come.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

December 30, 2020 07:14 ET (12:14 GMT)

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