On Wednesday, Shares of Bank of America Corp (NYSE:BAC), subtract -0.50% and closed at $16.03 in the last trading session. The last trading range of the stock ranges between $16.01 and $16.24. The company’s Market capitalization is $161.68 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, compared to approximately 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 today 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, compared 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.
“This survey reinforces what our Hispanic customers show us every day ‒ the Hispanic community leads the way in mobile adoption, usage and engagement,” said Michelle Moore, head of digital banking at Bank of America. “We’re committed to delivering solutions that meet the needs and behaviors of these consumers, such as our recently released mobile app available in Spanish.”
Cree, Inc. (NASDAQ:CREE), JUMPED 0.08 and closed at $25.00 in the last trading session. The last trading range of the stock ranges between $24.66 and $25.15. The company’s Market capitalization is $2.47 Billion with the total Outstanding Shares of 100.85 Million. During the 52-week trading session the minimum price at which share price traded, registered at $22.10 and reached to max level of $32.92. Cree is a market-leading innovator of lighting-class LEDs, lighting products and semiconductor products for power and radio frequency (RF) applications. Cree believes in better light experiences and is delivering new innovative LED technology that transforms the way people experience light through high-quality interior and exterior LED lighting solutions.
Cree’s product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree’s products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and inverters.