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Bank Of America Executive Summary

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Bank of America is known for a well know bank but also known for their stocks. If you located in Georgia you would at least one or two banks in one city. If you were to google this bank they are known for catering to their customer. To ensure they have access to every portion of the bank. This past year the company’s growth has had an increase. In November 2017 the revenue increases to $3.9bln. In the previous years, the banks revenue has been troubling to see any performance. They haven’t been growth this high in years. The year 2017 was a huge change for the company. It has been a rick for stockholder invest to the company’s past. This decrease has been according since the year 2015. Today, the bank revenue is higher than ever but the question …show more content…

The world’s renowned financial institution Bank of America has a full range of financial products/ services from asset management to investing & banking, to address the growing and changing needs of the customers” ( Bhasin, 2018). Bank of America strategy is to focus more on their customer to drive their revenue. “It uses selective targeting strategy to target the particular set of customer segments and mobilize maximum business out them through cross-selling and up-selling” ( Bhasin, 2018).
“Bank of America accounting practices has developed an entire line of financing products dedicated exclusively for the accounting industry which include capital for practice mergers and acquisitions, office improvements and expansion, business debt consolidation, equipment financing, lines of credit, partnership buy-ins, commercial real estate and standalone consulting fees” (CPA Financing Interview with Bank of America Practice Solutions, 2014).
“The financial statements have been prepared under the historical cost convention, as modified to include certain assets and liabilities at fair value. The Company does not maintain historical cost information on items at fair value as this is not relevant to the operation of the business” (Annual Report and Financial Statements, 2018). The company key ratios are based on probability, growth, cash flow, financial health, and efficiency …show more content…

1). The market share of the banks have been shrinking due to emergence of non-bank mortgage lenders in the United States of America which is attributed to the new banking regulations with tight capital requirements, enhanced scrutiny of banks and heft penalties for the defaulters (Nuiry, 2016: Nov.

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In this paper I have compared two financial institutions, Wells Fargo and Co and its competitor Bank of America using different tools and techniques given in chapter 12 of text book. In this paper I will give a detailed analysis of both the Banks as well as ratios on ROE, ROA, Equity Multiplier, Profit Margin, Asset Utilization, Net Interest Margin, Interest Expense ratio, Provision for Loan loss ratio, Noninterest Expense ratio, Tax ratio, Interest Income ratio, Noninterest Income Ratio, The Spread, and the Overhead Efficiency Ratio. After each ratio for the two Banks are calculated, I have performed the time series analysis. Each company ratios are compared to each other for the past five years to compare the performance of both companies

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This is due to the fact that a high percentage of their assets and liabilities have been and will likely continue to be in the form of interest-bearing or interest-related instruments. Changes in interest rates can have a material effect on many areas of their business, including net interest income, deposit costs, loan volume and delinquency, and value of their mortgage servicing rights. Interest rates are highly sensitive to many factors that are beyond the control of banks, including general economic conditions and policies of various governmental and regulatory agencies and, in particular, the Federal Open Market Committee. Changes in monetary policy, including changes in interest rates, could influence not only the interest received on loans and securities and the amount of interest paid on deposits and borrowings, but such changes could also affect their ability to originate loans and obtain deposits and the fair value of their financial assets and liabilities. If the interest rates on interest-bearing liabilities increase at a faster pace than the interest rates on interest earning assets, than the net interest income of Citizens Bank may decline and, with it, a decline in their earnings may occur.

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Mortgage loans, credit cards, insurance, and wealth management via Merrill Lynch. Bank of America strives to make financial lives better through the power of connection, and this purpose is fulfilled through a strategy of responsible growth, which includes a focus on environment, social and governance leadership. The following factors that most affect Bank of America’s current operations are as follow:

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This goal of the partnerships, mergers and acquisitions will welcome the professionalism in the management of Barclay’s affairs. Through mergers and acquisitions, it will be able to reduce the unfavourable competition and reduce cost of initial set-up that is more expensive than rebranding and acquired firm. Partnerships reduce costs by providing economies of scale. Mergers, on the other hand, reduce risk of venturing into new markets. These engagements allow firms to leverage risk on their combined assets thus lowering the risks associated with doing business.

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My interest in the Company Bank of America offers a variety of work opportunities with in the United states and around the world. Bank of America is a large financial company, that serve the community and bust up the economy, providing jobs to local communities. I choice Bank of America because I think the company provide a professional growth opportunity. Bank of America strategic philosophies Bank of America, is guided by a common purpose to help make financial lives better through the power of every connection. Bank of America focuses on responsible growth and environmental, social and governance leadership.

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