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Bank of America Corporation
Bank of America Corp. Center
Charlotte, NC 28255
Analyst Report
Nathan Parks
FINC 460 – Current Problems in Banking
This is submitted in partial fulfillment of the requirements for the FINC – 460
The objective of this report is to utilize public accessible information to analyze, interpret, and estimate the fundamental value of the Bank of America Corporation’s stock (from 1/1/02 through 4/27/03), with the purpose of drawing a recommendation as to hold, buy, or sell based on the current stock price.
Introduction
Meet the machine we know as The Bank America Corporation. It is a product of one of the largest bank mergers in history when Nations Bank fused with Bank America on September 30, 1998. During its short life, Bank of America has fulfilled its inevitable fate as the nations first coast-to-coast bank. The 3rd largest bank in the US (assets), behind Citigroup and J. ... It operates in about 30 other countries, and controls an investment bank subsidiary; Banc of America Securities. Bank of America Corporation is classified in the Money Center Bank Industry while it trades on the NYSE under the ticker BAC. ...
Chart # 1 – (MSN Money: BAC chart)
Chart 1 displays the stock performance of the Bank of America Corporation over the specified period ultimately increasing. ...
To continue, please observe the Bank of America’s stock performance relative to the S&P 500 and the leading competitor JP Morgan and Chase (from 1/1/03 till 4/25/03).
Chart # 2 – (MSN Money: customized BAC chart)
Chart 2 illustrates Bank of America’s (black) stock performance in percentage terms relative to the S&P 500 (yellow) and BAC’s top competitor, J P Morgan Chase (red). Interpreting the historical chart we see Bank of America’s stock has been outperforming not only the S&P 500 Index but its larger competitor as well.
Approximate Word count = 1471
Approximate Pages = 5.9
(250 words per page double spaced)
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