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The Bank of America is not leveraging its assets effectively at present, and this is something that makes it a relatively unattractive investment. In addition, the Bank of America may not be in a position to take advantage of an upswing in the U.S. economy, because the retail housing market is still depressed and the Bank is likely gun-shy about building back its mortgage business. The bank has probably expended much of its political capital as well by letting down that stakeholder group. There is not much cause for optimism therefore I would not invest in Bank of America at present, despite the low stock price.
Works Cited; In possession of the author.
Alden, W. (2010). Bank of America promises to meet bailout requirement, but challenges remains. Huffington Post. Retrieved May 31, 2011 from http://www.huffingtonpost.com/2010/12/06/bank-of-america-bailout_n_792438.html
Blodget, H. (2009). 75% of latest Bank of America bailout used to pay Merrill Lynch bonuses. Business Insider. Retrieved May 31, 2011 from http://www.businessinsider.com/2009/1/75-of-latest-bank-of-america-bailout-paid-merrill-lynch-bonuses-bac
CBO. (2011). CBO's economic projections for calendar years 2010 to 2021. Congressional Budget Office. Retrieved May 31, 2011 from http://www.cbo.gov/ftpdocs/120xx/doc12039/EconomicTables%5B1%5D.pdf
Google Docs. (2011). Top 50 banks in the world by assets. Google Docs. Retrieved May 31, 2011 from https://spreadsheets.google.com/pub?key=phNtm3LmDZEOoyu8eDzdSXw
MSN Moneycentral: Bank of America (2011). Retrieved May 31, 2011 from http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=U.S.:BAC&CP=0&PT=10
Works Cited;
Alden, W. (2010). Bank of America promises to meet bailout requirement, but challenges remains. Huffington Post. Retrieved May 31, 2011 from http://www.huffingtonpost.com/2010/12/06/bank-of-america-bailout_n_792438.html
Bank of America 2010 Annual Report. In possession of the author.
Blodget, H. (2009). 75% of latest Bank of America bailout used to pay Merrill Lynch bonuses. Business Insider. Retrieved May 31, 2011 from http://www.businessinsider.com/2009/1/75-of-latest-bank-of-america-bailout-paid-merrill-lynch-bonuses-bac
CBO. (2011). CBO's economic projections for calendar years 2010 to 2021. Congressional Budget Office. Retrieved May 31, 2011 from http://www.cbo.gov/ftpdocs/120xx/doc12039/EconomicTables%5B1%5D.pdf
Google Docs. (2011). Top 50 banks in the world by assets. Google Docs. Retrieved May 31, 2011 from https://spreadsheets.google.com/pub?key=phNtm3LmDZEOoyu8eDzdSXw
MSN Moneycentral: Bank of America (2011). Retrieved May 31, 2011 from http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=U.S.:BAC&CP=0&PT=10
Bank America Case Study From Goldsmith & Carter textbook, select Bank America (Chapter 2) case study assignment - uploaded Write a (5-7) page paper: 1.Outline talent management program led success company. Bank of America case study The modern day working environment is a highly complex and intricate field, in which employees and employers have to continually meet new demands, standards and challenges. Employees, for instance, have to perform new tasks at superior
Bank of America Leadership Overview of Corporation Bank of America Corporation, a multinational banking and financial services organization that is the second largest holding company in the entire United States by assets, and the fourth largest bank by capitalization. Headquartered in Charlotte, North Carolina, the banks serves clients in more than 150 countries and has a business relationship with over 99% of U.S. Fortune 500 companies and 83% of the Fortune Global
Bank of America's Strategic Initiatives: The traditional ways in which banks operate have been broken down by the recent political, socio-economic and technological changes that have occurred around the world. The recent changes have also influenced the economic trends, which have had a significant impact on the banking industry. Banks have largely been involved in product and geographical expansion in foreign and emerging markets because of globalization and deregulation. Notably, this
Bank of America and Technology. Based on experience, give examples of how management at your company expects technology to improve business. Discuss how your company's current technology is meeting or not meeting business needs. The Bank of America (BOA), the nation's premier bank and one of the premier banks in the world, is highly dependent on technology for meeting its business needs. On few occassions does it find itself being disappointed. Most
S. The bank expanded into the Chicago market. Bank of America, with a strong California base, was already the largest bank in the U.S. By deposits at that time. The company completed the largest bank merger in U.S. history with the acquisition of NationsBank. The next major step was the 2004 acquisition of FleetBoston, followed by MBNA, a major credit card company. The bank began to expand outside of the U.S.
Bank of America: Life's Better When We're Connected Strategic Audit & Analysis Current Situation Bank of America, as of 2010 was the 5th largest company in the United States by total revenue and the second largest non-oil company in the United States following Wal-Mart. Bank of America was listed by Forbes as the third largest company in the world. In 2008, Bank of American acquired Merrill Lynch making Bank of America the world's