Bank of America Corp
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Financials : Banks | Large Cap ValueCompany 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
$32.93
Day's Change
0.23 (0.70%)
Bid
--
Ask
--
B/A Size
--
Day's High
32.96
Day's Low
32.70
Volume
(Light)
Volume:
36,405,442

10-day average volume:
45,965,049
36,405,442

ROSEN, A LEADING LAW FIRM, Continues to Investigate Securities Claims Against ADTRAN, Inc. - ADTN

7:20 pm ET October 4, 2019 (Globe Newswire) Print

Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of ADTRAN, Inc. (NASDAQ: ADTN) resulting from allegations that ADTRAN may have issued materially misleading business information to the investing public.

On July 17, 2019, the Company announced "preliminary" earnings for second quarter 2019 due to its ongoing assessment of the reasonableness of its current and previously reported excess and obsolete inventory reserves ("E&O reserves"). On this news, the Company's share price fell $4.29 per share, over 27%, over the next two trading days to close at $11.53 per share on July 19, 2019, injuring investors.

On August 12, 2019, the Company disclosed that it would be unable to timely file its quarterly financial report with the SEC. The Company also disclosed that certain material weaknesses in its internal control resulted in a misstatement of previously reported E&O reserves. On this news, shares of ADTRAN fell, further damaging investors.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by ADTRAN investors. If you purchased shares of ADTRAN please visit the firm's website at http://www.rosenlegal.com/cases-register-1692.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40 Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

cases@rosenlegal.com

www.rosenlegal.com

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