On Tuesday, Shares of Bank of America Corp (NYSE:BAC), subtract -1.17% and closed at $16.11 in the last trading session. The last trading range of the stock ranges between $16.02 and $16.33. The company’s Market capitalization is $166.13 Billion with the total Outstanding Shares of 10.20 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $10.99 and reached to max level of $18.09. Hispanic consumers are significantly more likely to engage with mobile to manage their finances, with 78 percent using a mobile banking app, contrast to about half (51 percent) of non-Hispanics. What’s more, nearly three-quarters (69 percent) of the Hispanic community cite digital as their primary method of banking.
These are new findings released recently from the Bank of America Trends in Consumer Mobility Report, exploring mobile trends and banking behaviors among consumers who own a smartphone and have an existing banking relationship at any financial institution. The release of the survey follows the bank’s recent introduction of its mobile app in Spanish.
The report reveals similar insights when examining mobile payments. More than half (56 percent) of Hispanics would use or already use their phone to make purchases at checkout, contrast to just 36 percent of their non-Hispanic counterparts. Seventy-seven percent of Hispanics say they’re likely to use emerging payment methods such as mobile wallets and social media apps, with 72 percent citing they would use or already use their bank’s peer-to-peer payments service.
Huntington Bancshares Incorporated (NASDAQ:HBAN), dropped -1.38% and closed at $10.02 in the last trading session. The last trading range of the stock ranges between $9.92 and $10.18. The company’s Market capitalization is $8.00 Billion with the total Outstanding Shares of 799.15 million. During the 52-week trading session the minimum price at which share price traded, registered at $11.87 and reached to max level of $7.83. Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The companys Retail and Business Banking segment offers financial products and services, counting checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, and foreign exchange and treasury administration services. Its Commercial Banking segment provides corporate risk administration and institutional sales, trading, and underwriting services; commercial property and casualty, employee benefits, personal lines, life and disability, and specialty lines of insurance; and brokerage and agency services for residential and commercial title insurance, in addition to excess and surplus product lines of insurance. The companys Automobile Finance and Commercial Real Estate segment offers financing for the purchase of vehicles; financing the acquisition of new and used vehicle inventory of franchised automotive dealerships; and financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers. Its Regional Banking and The Huntington Private Client Group segment provides deposits, lending, and other banking services; wealth administration services, and retirement plan and corporate trust services; and brokerage, annuities, advisory, and other investment products.