| Price Range 12mo avg: | $700K – $6M |
|---|---|
| $/sf 12mo avg: | $493 |
| CAP Rate 12mo avg: | 5.75% |
| NOI average: | $150,000 |
| Lease Terms: | 15yrs NNN |
| Building Size avg: | 4,353 SF |
| Lot Size avg: | 1+/- acres |
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and o ther financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail banking offices and approximately 15,800 ATMs and award-winning online banking with 31 million active users and approximately 17 million mobile users. Bank of America is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
| S&P Credit Rating: | A- |
|---|---|
| Moody’s Credit Rating: | Baa2 |
| Annual Revenue 2014: | $85.1B |
| Annual Revenue 2013: | $89.8B |
| Revenue Growth: | ↓ 5.37% from 2013 |
| Net Income | $4.83B |
| Units (Mar. 2015) | 5,246 |
| Average Units Volume: | $1.62M |
The results for 2014 included an increase of $10.3 billion in litigation expense primarily as a result of charges related to the settlements with the U.S. Department of Justice (DoJ) and the Federal Housing Finance Agency (FHFA).
Yahoo! Finance: BAC News Latest Financial News for BAC
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Bank of America: 3 Reasons to Buy, 3 to Sell
on August 20, 2018 at 6:45 pm
Bank of America (NYSE:BAC) has been a big winner under Donald Trump. Since shortly before the 2016 election, the stock has shot up 86%, while the Nasdaq is up just 36%. Since the Donald Trump tax cut came into effect, the bank has booked over $13.7 billion in net income. Analysts say Bank of America is growing in all the right ways, avoiding the scandals that took down Wells Fargo (NYSE:WFC), bringing its price to book over 1.2, after it spent the entire Barack Obama Administration under 1. […]
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Merrill Lynch Penalized by SEC For Failing to Disclose Conflict of Interest
on August 20, 2018 at 6:13 pm
Bank of America Corp.’s Merrill Lynch unit agreed to pay almost $9 million to settle a U.S. regulator’s allegations that it failed to disclose a conflict of interest tied to an outside advisory firm. The conflict impacted whether Merrill would continue to offer its clients the products that were managed by the outside firm, the SEC said. […]
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BofA, Citi Witness Ban From Louisiana Deal Over Gun Policies
on August 20, 2018 at 1:43 pm
Bank of America (BAC) and Citigroup (C) continue to receive criticism for their stance on gun policies adopted post mass shootings in some high schools earlier this year. […]
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[$$] Moynihan Grows Into Role as BofA Chief
on August 20, 2018 at 12:35 am
A decade after the financial crisis, The Wall Street Journal has checked in on dozens of the bankers, government officials, chief executives, hedge-fund managers and others who left a mark on that period to find out what they are doing now. Today, we spotlight Bank of America CEO Brian Moynihan. When Brian Moynihan took on the job of chief executive of Bank of America Corp. in 2010, the bank’s very existence seemed uncertain. […]
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Amazon Stock Will Keep Winning So Long as It Keeps Disrupting
on August 17, 2018 at 9:23 pm
Here’s a simple thesis on Amazon.com (NASDAQ:AMZN) stock: So long as Amazon keeps disrupting industries, AMZN stock will keep heading higher. Amazon pioneered e-commerce, stole significant market share from traditional retailers, and is now one of the world’s largest retailers. Amazon pioneered cloud services, stole significant market share from traditional IT players, and is now the world’s largest cloud company. […]
NYSE: BAC
