$15.76
0.11 (+0.70%)
Bank of America Corp (BAC)
CAPS Rating:
The Company through its subsidiaries, provide banking & nonbanking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate & Investment Banking & Global Wealth & Investment Management.
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One of well run big banks. Consistent growth and a nice dividend that keeps pace with it. Recent inroads into China should pay off nicely over the long haul and really add to the bottom line. Buy this, put it away, reinvest the dividneds and forget about it. Come back in 20-30 years and reap the rewards.
Where do you see the growth at BAC? They can't acquire any more U.S. domestic deposits via M&A, and they have to rely on organic growth now, which they have never been good at. They overpaid for MBNA by a huge margin, especially for such a mature business. They also dilute like crazy, and have a history of using huge charges to offset the premiums they pay for their acquisitions. Just curious what you see in them.
BBQ
I agree that it's probably the best big bank out there. I'm just not really sure if I wanna be in banks and financials at all- too much leverage for my liking. I only really have BAC and COF on my list because I had to pick at least 7 stocks, and I don't even think there are 7 stocks that I would recommend buying right now.