| 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 stress tests: chilled
on June 23, 2017 at 12:15 am
US bank stress tests used to be, well, stressful. In 2009, regulators failed 10 of the 19 largest banks and told Bank of America to raise $34bn in new equity. In this year's test, published on Thursday ... […]
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Fed: Biggest US banks strong enough to withstand recession
on June 22, 2017 at 10:07 pm
All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday. The first round of the central bank's annual ... […]
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Big Banks Edge Up Late On Stress-Test Pass
on June 22, 2017 at 2:48 pm
Citigroup, Wells Fargo, Goldman Sachs, BofA, Morgan Stanley and JPMorgan Chase all passed the first two rounds of the Fed's stress test. […]
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Bank of America Corp (BAC) Stock Is Stalling. Profit From It Anyway!
on June 22, 2017 at 2:35 pm
Bank of America Corp (NYSE:BAC) remains stuck in a six-month trading range that is frustrating bears and bulls alike. President Donald Trump vowed to unshackle banks by eliminating much of the red tape. Also, the U.S. Federal Reserve is in a tightening cycle, and higher rates should translate into bigger profits for banks. […]
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Top Mutual Fund Holders of Bank of America
on June 22, 2017 at 1:32 pm
Discover the top four largest mutual fund holders of Bank of America shares, and learn if their investment strategies can improve your portfolio. […]
NYSE: BAC
