Bank of America is a bank holding company that provides a full range of banking and financial services and products to more than 28 million households and 2 million businesses in the U.S. and internationally. Its primary market areas encompass the entire United States, after the recent merger with FleetBoston Financial Corporation, as well as selected international markets. The banks operations are divided into the following main business segments: consumer and commercial banking, asset management, global …
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…many other financial stocks fall in value, BAC should continue to have increased revenue growth with earnings per share better than those of the Standard and Poor's core index. References Larson, M., D., 5Key Mortgage Rate Indicators, Bankrate.com, July 19, 2002 Standard and Poor's, Bank of America Stock Report, June 26, 2004, Copyright 2004, The McGraw-Hill Companies, Inc.. Alexander, Craig, Don't count on the Fed waiting until 2005 to hike rates, TD Bank Financial Group, Economic and Financial Forecasts, March 3, 2004.