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
$28.11
Day's Change
1.33 (4.97%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.01
Day's Low
27.88
Volume
(Heavy Day)
Volume:
118,767,892

10-day average volume:
88,272,532
118,767,892

UnitedHealth Group Commits Initial $50 Million to Combat COVID-19 and Support Affected Communities

2:00 pm ET March 26, 2020 (BusinessWire) Print

UnitedHealth Group (NYSE: UNH) will invest an initial $50 million to fight the COVID-19 pandemic and support those most directly impacted by the public health emergency, including health care workers, hard-hit states, seniors and people experiencing food insecurity or homelessness.

"As this unprecedented public health emergency rapidly evolves, we must take bold actions to support those in need and combat the COVID-19 virus," said Dave Wichmann, chief executive officer of UnitedHealth Group. "This initial investment of $50 million will support that effort, as we continue to mobilize the full strength of our resources, deep clinical expertise, and compassionate team to deliver the best care for patients, support our members and care providers, and deliver innovative solutions that will benefit the entire health care system."

Through several national and local partnerships that will be announced in the coming weeks, UnitedHealth Group and the United Health Foundation will invest approximately:

$30 million in efforts to protect and support health care workers. $10 million to support states where COVID-19 is having an outsized impact, starting with New York, New Jersey, Washington, California and Florida. $5 million to address social isolation among seniors. $5 million to provide care and support for people experiencing food insecurity or homelessness.

UnitedHealth Group is also organizing and matching employee donations dollar for dollar to support the COVID-19 response efforts.

"We are partnering with leading industry and non-profit organizations to ensure resources are deployed quickly and effectively to accelerate the efforts to fight COVID-19 and provide support for those most impacted by this global health crisis," Wichmann continued.

About UnitedHealth Group

UnitedHealth Group (NYSE: UNH) is a diversified health care company dedicated to helping people live healthier lives and helping to make the health system work better for everyone. UnitedHealth Group offers a broad spectrum of products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services. For more information, visit UnitedHealth Group at www.unitedhealthgroup.com or follow @UnitedHealthGrp on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200326005595/en/

SOURCE: UnitedHealth Group

Eric Hausman
952-936-3963
Eric.Hausman@uhg.com

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