Chartpoppers.com releases investment overview on Bank Of America
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(CHARTPOPPERS.COM, April 16, 2010 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Bank of America Corp. (NYSE: BAC)
The Consolidated Investment Analysis on Bank of America Corp. (NYSE: BAC)will be in particular interest to other competing companys within in its sector, such as Citigroup Inc. (NYSE:C), JP Morgan Chase. (NYSE: JPM) and HSBC Holdings. (NYSE: HBC)
Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Through its banking subsidiaries and various non-banking subsidiaries throughout the United States and in selected international markets, it provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking and Global Wealth and Investment Management. Bank of America operates in 50 states, the District of Columbia and more than 40 foreign countries.
Recent News on Bank of America
Bank of America Corp. said in a regulatory filing Thursday that its rate of U.S. credit card loan losses eased in March.
The bank said in a Securities and Exchange Commission filing that its charge-off for card balances was 12.54 percent last month. That was down from 13.51 percent in February. The charge-off rate is the percentage of loans that the company has determined won't be repaid, because they're at least 180 days late.
Despite the improvement last month, the rate remains elevated when compared with industry charge-off rates from before the start of the downturn. Credit card issuers have written down record high loan losses in the past year or so as consumers struggled to pay their bills.
In another sign that loan losses may be improving, however, Bank of America also said its rate of loans that are 30 days or more delinquent also eased to 7.07 percent in March. That was down from the 7.23 percent in February.
To view the Consolidated Investment Analysis on Bank of America Corp. (NYSE: BAC)Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
The Consolidated Investment Analysis on Bank of America Corp. (NYSE: BAC)will be in particular interest to other competing companys within in its sector, such as Citigroup Inc. (NYSE:C), JP Morgan Chase. (NYSE: JPM) and HSBC Holdings. (NYSE: HBC)
Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Through its banking subsidiaries and various non-banking subsidiaries throughout the United States and in selected international markets, it provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking and Global Wealth and Investment Management. Bank of America operates in 50 states, the District of Columbia and more than 40 foreign countries.
Recent News on Bank of America
Bank of America Corp. said in a regulatory filing Thursday that its rate of U.S. credit card loan losses eased in March.
The bank said in a Securities and Exchange Commission filing that its charge-off for card balances was 12.54 percent last month. That was down from 13.51 percent in February. The charge-off rate is the percentage of loans that the company has determined won't be repaid, because they're at least 180 days late.
Despite the improvement last month, the rate remains elevated when compared with industry charge-off rates from before the start of the downturn. Credit card issuers have written down record high loan losses in the past year or so as consumers struggled to pay their bills.
In another sign that loan losses may be improving, however, Bank of America also said its rate of loans that are 30 days or more delinquent also eased to 7.07 percent in March. That was down from the 7.23 percent in February.
To view the Consolidated Investment Analysis on Bank of America Corp. (NYSE: BAC)Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Contact Information:
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
