A deep dive into one of the nation's strongest banks BAC Overview The Bank of America Corporation (BAC) is a large international bank; it has investment banking arm and a commercial banking arm. It has financial hubs in the U.S., Hong Kong, London, and Toronto. The overall sentiment of the large bank has been that it has done a good job of turning major headwinds to its advantage and become one of the strongest banks that we know today. Note that for the purposes of this article, the (four) major banks are JPM, BAC, WFC, and C, in order of market cap. In the following article, I will try to give a basic outline of BAC’s financials, a qualitative analysis, and a brief commentary on where I believe the bank is going based on some elementary macroeconomic outlooks. More than anything, the article that I am writing represents a learning exercise for me on how to value a bank, rather than a report that has something new to say about the bank. I have no new insights...
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