$15.47 -0.48 (-3.01%)
11/27/2009 1:01 PM

Bank of America Corp (BAC)

CAPS Rating: 3 out of 5

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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Member Avatar ThePapii (73.72) Submitted: 9/29/2008 10:48:20 AM : Outperform Start Price: $33.16 BAC Score: -49.32

Bank of America will be one of only a few large banks. They own Merryl Lynch and Countrywide. The latter gives them nearly 20% of the entire mortgage portfolio, but with little downside risk because that was placed in a subsidiary corporation and is not guaranteed by BAC. The prior will prove to be a near-term overpayment, but long-term it will be profitable as investors return to the market in the coming years.

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