Fin Stocks to Path! Banco Bradesco SA (BBD), Bank of America Corp (NYSE:BAC)
Shares of Banco Bradesco SA (ADR) (NYSE:BBD) ended Monday session in green amid volatile trading. The shares closed up +0.06 points or 0.63% at $9.59 with 6.51 million shares getting traded. Post opening the session at $9.61, the shares hit an intraday low of $9.53 and an intraday high of $9.69 and the price vacillated in this range throughout the day. The company has a market cap of $53.20 billion and the numbers of outstanding shares have been calculated to be 2.76 billion shares.
Banco Bradesco SA (BBD) provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts various deposit products, such as demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes. The company also offers loans comprising personal and short-term loans, vehicle financing, overdraft loans, and payroll-deductible loans; housing loans; and government-funded long-term loans, such as BNDES onlending/FINAME.
Shares of Bank of America Corp (NYSE:BAC) ended Monday session in green amid volatile trading. The shares closed up +0.17 points or 1.05% at $16.30 with 64,158,491shares getting traded. Post opening the session at $16.22, the shares hit an intraday low of $16.18 and an intraday high of $16.40 and the price vacillated in this range throughout the day. The company has a market cap of $165.42 billion and the numbers of outstanding shares have been calculated to be 10.20 billion shares.
Bank of America Corp (BAC) announced that John Thiel, current head of Merrill Lynch Wealth Management, has decided to step down from his position and will take on a new role as vice chairman of Global Wealth and Investment Management (GWIM), effective January 1, 2017.
Andy Sieg, current head of the company’s Global Wealth and Retirement Solutions division, will succeed Thiel as head of Merrill Lynch Wealth Management, effective January 1, 2017.
For the past five years, Sieg has led Global Wealth and Retirement Solutions (GWRS), comprised of the GWIM division’s product organization and retirement business. During that time, he worked with Thiel in the implementation of goals-based wealth management and has overseen the strong growth of the retirement business. Sieg was also instrumental in the firm’s development of a unified investment platform that will be critical to providing best-in-class investment solutions to clients.