Shares of Bank of America Corp (NYSE:BAC) ended Thursday session in red amid volatile trading. The shares closed down -0.16 points or -0.99% at $15.98 with 128.81 million shares getting traded. Post opening the session at $16.15, the shares hit an intraday low of $15.75 and an intraday high of $16.15 and the price vacillated in this range throughout the day. The company has a market cap of $162.57 billion and the numbers of outstanding shares have been calculated to be 10.20 billion shares.
On August 3, 2016 Women small business owners are feeling more optimistic about annual revenue and growth expectations than their male counterparts, according to the inaugural Bank of America Women Business Owner Spotlight, a study based on a survey of 1,000 small business owners across the country, focusing on the aspirations and pain points of women business owners.
According to the study, 54 percent of women entrepreneurs expect their revenue to increase over the next 12 months, compared to 48 percent of male small business owners. In addition, 60 percent of women business owners expect to grow their business over the next five years (vs. 52 percent of men). The two main sources of funding used by women entrepreneurs as they grow include their business credit card (28 percent) and bank funding (23 percent).
Year over year, women small business owners’ confidence has largely remained steady as their male counterparts’ confidence has declined. The number of male entrepreneurs who expect revenue to increase over the next 12 months has declined by 18 percentage points, and the number planning to grow their business over the next five years fell by 16 percentage points since spring 2015. Women’s revenue expectations and growth plans remained steady year over year, declining by 3 percentage points or less.
“Female entrepreneurs are excited about the future and focused on the success of their small businesses. They are demonstrating much greater levels of optimism than their male counterparts,” said Sharon Miller, managing director, head of Small Business, Bank of America. “However, women small business owners do express concerns about certain areas, which they are taking into account as they continue to grow.”
Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) ended Thursday session in green amid volatile trading. The shares closed up +0.06 points or 0.58% at $11.14 with 17.06 million shares getting traded. Post opening the session at $11.00, the shares hit an intraday low of $10.90 and an intraday high of $11.28 and the price vacillated in this range throughout the day. The company has a market cap of $60.60 billion and the numbers of outstanding shares have been calculated to be 2.78 billion shares.
Itau Unibanco Holding SA (ADR) (ITUB) provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts time, savings, and demand deposits; and offers personal, payroll, vehicle, and mortgage loans, as well as credit cards. The company also provides asset management, custody and bookkeeping, consortium, investment banking, and electronic payment means services, as well as private banking services.