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, small- and middle-market businesses, institutional investors, corporations and governments 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 Bank of America Private Bank; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services and research services.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$23.56
Day's Change
0.1699 (0.73%)
Bid
--
Ask
--
B/A Size
--
Day's High
23.57
Day's Low
23.33
Volume
(Heavy Day)
Volume:
11,123

10-day average volume:
5,714
11,123

Walmart stock gains after MKM analyst says buy, saying a more price discerning consumer should be a boon

7:05 am ET November 19, 2021 (MarketWatch)
Print

Shares of Walmart Inc. (WMT) rose 0.7% in premarket trading Friday, after the discount retail giant got a bullish boost from MKM Partners analyst Bill Kirk, who said the company is "doing the most, but getting the least credit." He raised his rating to buy and lifted his stock price target to $166 from $156. Kirk said Walmart has better inventory levels heading into the holidays, trends are accelerating while others are stagnating and is "best positioned" if the consumer becomes more price discerning given food and energy inflation. The stock had slumped 2.6% over the past three days, since Walmart reported fiscal third-quarter earnings that beat expectations, amid concerns over gross margin pressures. MKM's Kirk isn't so concerned, saying Walmart is diversifying away from food pressure, but is still gaining share against grocery peers. "Commentary on widening price gaps and not fully passing on inflation should concern other grocers but will be a boon to Walmart, particularly if the consumer becomes more value-conscious," Kirk wrote in a note to clients. Walmart's stock has slipped 4.6% over the past three months through Friday, while the Dow Jones Industrial Average has gained 2.8%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

November 19, 2021 07:05 ET (12:05 GMT)

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