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American multinational banking and financial services corporation
The Bank of America Corporation is an American multinational bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was formed by the merger of NationsBank and the legacy corporation of Bank of America in 1998. It is the second-largest banking institution in the United States by consolidated assets, after JPMorgan Chase. It is also the second-largest bank in the world by market capitalization, after JPMorgan Chase.
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Currency of the United States
The United States dollar is the official currency of the United States (U.S.) and several other countries. The U.S. Coinage Act of 1792 established the dollar as the base unit, with each dollar divided into 100 cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.
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The latest analyst notes point to a tougher Nike turnaround, with firms flagging weak sales trends, pressure across key categories and a more challenging earnings outlook.
Nike stock slips after a Q1 earnings beat as a weak revenue outlook and a new restructuring plan, with more layoffs, weigh on investor sentiment.
Stifel Nicolaus dropped their price target on NIKE from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Friday.