Top 5 Bank Companies To Invest In Right Now

Top 5 Bank Companies To Invest In Right Now: Bank of America Corporation(BAC)

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in ! 1874 and is based in Charlott e, North Carolina.

Advisors' Opinion:

• [By John Maxfield]

  Investors in Bank of America (NYSE: BAC  ) are getting a welcome reprieve today after better-than-expected data emerged from the housing sector. Shares of the nation's second largest bank by assets have fallen by nearly 10% since the beginning of June, but are rebounding today by more than 2%.

• [By Geoff Gannon]

  No. I think Warren Buffett usually thinks in terms of the return he can get on a stock. He has mentioned valuations to students before. He doesn't do it very often. Honestly, he doesn't give precise figures of either returns on investment or valuations very often. But he has many times even with Bank of America (BAC) recently talked about the kind of returns he can get in that stock versus everything else. I don't think he comes up with an intrinsic value estimate for something like Bank of America. I think he looks at the earning power. Also, if you look at some of the intrinsic value estimates Buffett has given in the past for companies, they seem to be closely connected to demonstrated earning power.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-5-bank-companies-to-invest-in-right-now-2.html