Bank of America Corp
(SPC:NYSE Arca)
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Market Cap
140.9B
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Total Revenue
63.3B
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EBITDA
--
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DILUTED EPS TTM
0.09
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P/E
186.1x
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P/S
2.2x
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Return On Asset
0.23
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Return On Equity
2.24
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| K = Thousands M = Millions B = Billions | ||
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SPC Details
Bank of America Corporation, a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. Its Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services. The company’s Global Corporate and Investment Banking segment provides commercial and corporate bank loans, indirect consumer loans, real estate lending products, and leasing and asset-based lending products for banking clients, middle market commercial clients, multinational corporate clients, public and private developers, homebuilders, and commercial real estate firms; advisory services, financing, and related products for institutional investor clients in support of their investing and trading activities; debt and equity underwriting, merger-related advisory services, and risk management solutions; and treasury management, trade finance, foreign exchange, short-term credit facilities, and short-term investing options for correspondent banks, commercial real estate firms, and governments. The company’s Global Wealth and Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and diversified asset management products to institutional clients and high-net-worth individuals. As of December 31, 2008, the company operated approximately 6,100 banking centers and 18,700 automated teller machines. It has a strategic alliance with Avjet Corporation. The company was founded in 1874 and is headquartered in Charlotte, North Carolina.
SPC Top Compensated Officers
Key developments for Bank of America Corp (SPC)
Bank of America Corporation announced that it is in search for a CEO to succeed Ken Lewis, who is stepping down before the end of the year.
Bank of America Corporation reported consolidated capital expenditure for the nine months ended September 30, 2009. For the period, the company reported net cash provided by operating activities of $97,677 million and net purchases of premises and equipment of $1,532 million compared to net cash provided by operating activities of $31,276 million and net purchases of premises and equipment of $1,526 million for the same period a year ago.
Bank of America Corporation announced that its popular Clarity Commitment(TM) home loan summary, a consumer-friendly document hailed as a lending industry model is now available for home equity lines of credit and home equity loans. The Clarity Commitment is a tangible demonstration of the Bank of America Home Loans brand promise to lend responsibly and help customers become successful homeowners. A simple one-page summary of key loan terms, this document lets borrowers review their loan details in plain language so they are confident they have chosen a loan that is right for them.
BusinessWeek Rankings
SPC Competitors
| Company | Last | Change |
| American International Group Inc | $35.28 USD | +0.18 |
| ING Groep | €9.59 EUR | +0.347 |
| JPMorgan Chase and Co | $43.28 USD | +0.82 |
| MetLife Inc | $34.49 USD | +0.59 |
| Wells Fargo & Co | $28.07 USD | +0.20 |
| View Industry Companies | ||
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SPC | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 2.2x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 30.1x |
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| TEV/Sales | NM | Not Meaningful |
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SPC |
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SPC transactions
| Type Date |
Target |
|
Bankruptcy
November 4, 2009 |
Smyrna Medical Group, LLC |
|
Bankruptcy
November 1, 2009 |
CIT Group, Inc. |
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Bankruptcy
October 30, 2009 |
Commonwealth Cancer Institute LLC |
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