Bank of America Corporation - Great for long term at FinGad.com

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Bank of America Corporation - Great for long term

Categorie: Equities
Submitted 11 months ago by

Anderson , Senior Architect at Computer Merchants

Bank of America Corporation (NYSE:BAC) A very good stock to buy for the long term.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 other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 57 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with more than 23 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 99 percent of the U.S. Bank of America provides services its customers through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking, and Global Wealth and Investment Management. At September 30, 2007, the Corporation had $1.6 trillion in assets and approximately 198 thousand full-time equivalent employees.During the current fiscal major tremors occurred in the financial markets, including leveraged finance, sub prime mortgage, and the commercial paper markets. These conditions created less liquidity, a flight to quality... More...

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