Bank
of America Corp. (BAC) is based in Charlotte, NC, and was founded in 1904. The
company has more than 100 years of business history and since its foundation it
has been providing banking as well as non-banking financial products and
services through a lot of subsidiaries around the world. Most of the clients of
BAC are from United States. The company is currently through 5 segments, which
are consumer and business banking, global banking, global wealth and investment
management, consumer real estate services, and global marketing.
Bank
of America had a profitable year in 2013, as the net income for the company
almost tripled last year. Quite recently, the analysts have predicted that the
2014-year will not be the same for the company. BAC stock news
coming from different sources is also not giving good estimates about its
earnings and dividends per share. The fraudulent activities related to banking
happening in Mexico have put BAC business on the back seat. Due to this, the
Federal Reserve has denied BAC to rise its dividends form $0.01 to $0.05. This
has also made the investors cautious. The BAC
stock quote for today also testifies these estimates, as the current stock
price lies at $17.15, which has reduced by -0.50%.
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