Bank of America is a Dow Jones Company and is listed in the NYSE / NASDAQ / S&P 500. It is one of the leading corporations in the American stock market. Buying shares of Bank of America in the long term is considered a sound investment. With the current economy, however, it is always risky in buying a single company stock like Bank of America, and diversification is more important. Below is a description and profile of the Bank of America company:
Bank of America Corporation (Bank of America) is a bank holding company. Through its banking subsidiaries (the Banks) and various non-banking subsidiaries throughout the United States and in selected international markets, Bank of America provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking, and Global Wealth and Investment Management. Within Global Consumer and Small Business Banking, there are three primary businesses: Deposits, Card Services and Consumer Real Estate. Card Services, excluding debit cards, offers United States Consumer and Business Card, Unsecured Lending, Merchant Services and International Card Businesses. Global Corporate and Investment Banking Global Corporate and Investment Banking provides a range of financial services to both the Company’s issuer and investor clients that range from business banking clients to international corporate and institutional investor clients. Products include commercial and corporate bank loans and commitment facilities, which cover its business banking clients, middle market commercial clients and its multinational corporate clients. Leasing and asset-based lending products offer the Company’s clients financing solutions. Global Wealth and Investment Management Global Wealth and Investment Management provides offers customized banking and investment services. The company’s Global Wealth and Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and diversified asset management products to institutional clients and high-net-worth individuals. The Corporation provides a range of banking and nonbanking financial services and products domestically and internationally through four business segments: Global Consumer and Small Business Banking, Global Business and Financial Services, Global Capital Markets and Investment Banking, and Global Wealth and Investment Management. Within Global Consumer and Small Business Banking, the Company’s product groups are Card Services, Consumer Real Estate and Consumer Deposit and Debit Products.
As you can see, Bank of America is a leading company in its industry. Buying Bank of America Stocks should only be done after extensive research and analysis of the company’s earning, stock price, and future earnings potential.
Buy Bank of America Stocks In This Economy