Bulls REASONS TO BUY
Bears REASONS TO SELL
December 09, 2013
(Jutia Group, 12/6/13)
[theflyonthewall.com] - Bank of America Merrill Lynch withdrew from bidding to advise Turkish defense contractor Aselsan after...(read more)
(naked capitalism, 10/23/13)
Don't get too excited.
(Wealth Daily, 10/18/13)
Big banks are posting successful profits, but a large portion of that may be loan reserve padding...
Bank of America (BAC) Company Overview
Bank of America Corporation (NYSE:BAC) is the world's largest holding bank company in terms of 2009 assets and total revenue. Through its numerous subsidiaries, the Charlotte, North Carolina-based bank offers a full range of financial and non-financial services in three principal divisions: Global Consumer and Small Business Banking, Global Corporate and Investment Banking, and Global Wealth and Investment Management. The firm has a strong geographical presence in all 50 U.S. states and the District of Columbia, as well as in 40 foreign countries, and serves over 55 million consumer and small business clients. For the full year 2010, Bank of America reported a total revenue of $111.4B and a net loss of $2.2B.
The weak US housing market causes the rate of foreclosures to remain high with approximately 1.8M homes either delinquent or in foreclosure. Increased or sustained foreclosures puts a significant cost on Bank of America's Home Loans and Insurance segment.(Read more at Wikinvest )
What's in this BAC analysis on Wikinvest...