Bank of America Corporation (BAC) Stock Forecasts
Summary:
Bank of America is one of the largest financial companies in the world.The company is primarily a US retail and commercial bank with a network of more than 4,000 branches in most of the country.The acquisition of MBNA in 2005 made Bank of America the largest credit card lender in the country. As such, trends in consumer interest rates, employment, income growth and borrowing patterns pose a significant risk to the company’s earnings in 2008
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