bank of america corporation

6
Bank of America Corporation (NYSE:BAC) About Bank of America Corporation Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.

Upload: qaisar-amin

Post on 28-Mar-2016

215 views

Category:

Documents


1 download

DESCRIPTION

Bank of America Corporation (NYSE:BAC) About Bank of America Corporation Current Price $14.40 Market Capitalization: 145.23B Bank of America Corporation (NYSE:BAC)produced negative net income of $7.29 billion in current quarter which is enormously less than last quarter’s closing of $6.30 billion. Moreover, EPS for the current quarter is also negative which is not a good sign for the investors. Financials Statistics

TRANSCRIPT

Page 1: Bank of America Corporation

Bank of America Corporation (NYSE:BAC)

About Bank of America Corporation

Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.

Page 2: Bank of America Corporation

Statistics

Symbol BAC Shares Outstanding 10.09B

Current Price $14.40 Market Capitalization: 145.23B

52 week range $10.91 - $19.86 Beta 2.19

Avg Volume 197.74M Float: 10.08B

Financials

Bank of America Corporation (NYSE:BAC) produced negative net income of $7.29 billion in current quarter which is enormously less than last quarter’s closing of $6.30 billion. Moreover, EPS for the current quarter is also negative which is not a good sign for the investors.

The company’s cash flow from operations (CFO) has increased up to $77.38 billion from last quarter’s ending cash flow of $39.35 billion. This shows company is producing more cash than its expenses through its core business units which is a good sign for the investors.

Total assets of company mount up to $2339.66 billion as of September 30, 2010 that is 1.02% less than last quarter’s ending but it has managed to maintain the current ratio. The company’s total equity is gradually decreasing which depicts that company is going to have some funding liquidity problems and fewer funds would be available to invest in future profitable opportunities.

Page 3: Bank of America Corporation

DISCLAIMER

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE OR IN ONE OF OUR NEWSLETTERS.

We are not registered as a securities broker-dealer or an investment advisor either within the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice.

The information contained on our website or in any of our newsletters should be viewed as commercial advertisement and is not intended to be investment advice. Any information found on our website, or in any of our newsletters is not provided to any particular individual with a view toward their individual circumstances. The information contained on our website, and in any newsletter we distribute, is not an offer to buy or sell securities. We distribute opinions, comments, and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report. Individuals should assume that all information contained on our website or in one of our newsletters about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment adviser or licensed stock broker before investing.

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. ChartPoppers.com is a wholly-owned subsidiary of Seo Freisin, Inc.. While Seo Freisin has not been compensated for the distribution of this particular email, any future email regarding a specific company will be the result of an advertising and promotional campaign for

Page 4: Bank of America Corporation

which Seo Freisin, Inc. receives compensation. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision. Seo Freisin and its affiliates currently hold no shares in the profiled company.

Seo Freisin, Inc., and/or its affiliates will hold, buy, and sell securities in the companies profiled. When compensated in shares, all readers should be aware that it is our policy to liquidate all shares immediately. We reserve the right to buy or sell the shares of any the companies mentioned in any materials we produce at any time. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled companies.

Information contained in our report will contain “forward looking statements” as defined under section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in this report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).