| 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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5 Takeaways From Warren Buffett's Annual Letter
on February 22, 2020 at 11:11 pm
Warren Buffett made these key observations in his 2019 annual letter, released with the 2019 annual report for Berkshire Hathaway. […]
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Buffett Says Berkshire Hathaway Bought Back $5 Billion in Stock in 2019, but Some Investors Want More
on February 22, 2020 at 4:15 pm
The Berkshire Hathaway CEO tells shareholders in his annual letter that the “price/value equation was modestly favorable at times” for buying back what amounted to about 1% of the company’s shares in 2019. […]
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WRAPUP 4-Buffett defends Berkshire stock push, reassures on future as profit smashes record
on February 22, 2020 at 2:27 pm
Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89, also used his annual letter to Berkshire shareholders to assure they should not worry about the future of the company, which is "100% prepared" for when he and 96-year-old Vice Chairman Charlie Munger are no longer around. "I do think it's on the right path," said James Armstrong, president of Henry H. Armstrong Associates in Pittsburgh, which invests one-fourth of its assets in Berkshire. […]
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Financial stocks in broad decline as 10-year Treasury yield falls below 1.5%
on February 21, 2020 at 2:17 pm
Financial stocks were suffering broad weakness in the premarket session, as the 10-year Treasury yield dropped below the 1.5% mark for the first time since early-September 2019. The SPDR Financial Select Sector ETF shed 0.7% ahead of the open. Among the ETF's more-active components, shares of J.P. Morgan Chase & Co. slid 0.9% to pace all the Dow Jones Industrial Average components in losses ahead of the open, Bank of America Corp. fell 0.7% and Citigroup Inc. fell 0.7%. The 10-year Treasury yield declined 4.5 basis points to 1.480%, amid concerns that the economic impact of COVID-19 may not be contained to China. Lower longer-term yields can weigh on bank earnings, as it narrows the spread between what banks earn on longer-term assets, like loans, which are funded by shorter-term liabilities. […]
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Mentoring Monday: Local businesswomen share career advice
on February 21, 2020 at 12:22 pm
Businesswomen from local institutions such as ALSAC/St. Jude, the University of Memphis and International Paper share career advice. […]
NYSE: BAC
