Top Cheap Stocks To Buy Right Now: Bank of America Corporation(BAC)
Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 1874 and i! s based in Charlott e, North Carolina.Advisors' Opinion:
- [By Ben Levisohn]
Citigroup wasn’t the only bank making comments today. JPMorgan Chase (JPM) investment banking chief Daniel Pinto said marker revenue would be flat, while Bank of America (BAC) jumped after it said it had submitted a new capital-return plan to the Fed.
- [By Gillian Tan]
Laboratory equipment supplier VWR Funding Inc., backed by private-equity firm Madison Dearborn Partners LLC, has hired Bank of America(BAC) Merrill Lynch, Goldman Sachs Group Inc.(GS) and J.P.Morgan Chase(JPM) & Co. to lead a potential initial public offering, according to people familiar with the matter.
- [By Amanda Alix]
Who are these institutions that are engaging in a quid-pro-quo with higher education in order to make money from the captive student population? JPMorgan Chase and Capital One are two well-known entities, but the lion's share of the market – almost 67% -- belongs to FIA Card Services, a subsidiary of Bank of America (NYSE: BAC ) .
- [By Ben Levisohn]
This year’s been a painful one for JPMorgan Chase (JPM), Citigroup (C) and Bank of America (BAC)–even if they’re gaining today. MKM Partner’s David Trone has the perfect prescription for upside: Break them up.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-cheap-stocks-to-buy-right-now-3.html