Bac Company Profile

The banking industry is highly competitive. The financial services industry has been around for hundreds of years. Wells Fargo has many competitors itself. In this paper, I will be doing a comparison of Wells Fargo & Company (WFC) and one of its biggest competitors, Bank of America Corporation (BAC). By analyzing looking at the financial ratios, one can see whether the company is successful or not. In the following, I will try to analyze and make a comparison of Wells Fargo’s and Bank of America’s recent performance in growth, income, and efficiency. Using a these criteria, I will determine which bank is the better buy according my analysis. My analysis of WFC & BAC’s performances

The Merriam Webster dictionary defines the noun “bank” as “an establishment for the custody, loan, exchange, or issue of money, for the extension of credit, and for facilitating the transmission of funds.” In essence it is an institution that serves as a medium of flow of funds between users and savers. A bank is a financial institution that links the flow of funds from savers to users and back. For the purpose of this audit report we will broadly classify banks into two major categories: commercial banks and investment banks.

Competition is quickly encroaching on SunTrust’s territory. The financial crisis helped rivals gain more presence in SunTrust’s core markets through key acquisitions. BB&T bank, one of SunTrust’s main competitors, recently increased its presence with its acquisition of Florida-based BankAtlantic. This acquisition increased BB&T’s deposit market share to 6th in the Miami market. (BB&T Corporate Profile)

I believe that Bank of America will succeed because they do not restrict leadership styles within the company.

Commonwealth Bank brand is the most recognised brand in Australian financial services industry. It is a brand that has evolved over its 102 years of operation with a strong brand history. Commonwealth Bank brand is highly regarded and trusted within the Australian financial services industry. Other well known brands under the Commonwealth Bank Group includes Colonial First State, CommInsure, ASB (New Zealand), Sovereign, FirstChoice, CommSec, and Bankwest.

Bank of America thrives off of the premise that they are aiming to enhance the financial lives of their customers. Per the Code of Conduct, Bank of America believes in treating all of their customers equally; they claim to expand beyond expectations to deliver satisfactory customer service; they implement discipline to eliminate financial risks to customers; they pride themselves on acting responsibly; and they strive to help individuals to reach their full financial potential. This company enforces the belief that they honor their ethics fully. This includes making

Bank of America also has a program called Merrill Edge in which consumer can be educated on investments and are able to invest their funds on business ventures as well as retirement. As I searched through the site I was very impressed Bank of America seem to touch base with everything from their history to their values and their they have managed to be very specific and detailed. As far as social media is concerned Bank of America has also shown their interest in utilizing social media to reach out to their consumers they have participated in Facebook, Instagram, Twitter and even YouTube and checking out their social media I noticed that they have used those platforms to educate their consumers letting them know of new programs and giving tips on how to save money and invest their money as well. The banking industry is a virtual component to individual business National and Global Financial well-being.

Bank of America started off as just a local bank in Northern California in 1904, under the title Bank of Italy and through the years has transformed into one of the largest banks in the world acquiring many smaller banks along the way to expand their operations, and gain leverage against their competitors. This aggressive strategy also led to major problems, such as the exposure they had to subprime mortgages during the Great Recession after acquiring Merrill Lynch. Southeastern Bank began in 1888, and has expanded to only 10 locations throughout coastal Georgia and northeast Florida. They have never merged with a larger bank, and actually pride upon this; it is stated on their website clearly. There was a merger between two banks, of one whom had a similar name. They made it a point to state it on their website that this was not them, and it was another bank with a similar name. Southeastern Banking Corporation can easily be confused with Southeastern Financial Bank Corporation because of their

Bank of America offers competitive pay and a benefits package which includes medical, dental, and vision coverage for all employees and any family member who are eligible. Bank of America also offers a retirement plan focused on 401(k) benefits which allows the opportunity for the employee to choose how they want to invest their money during retirement savings. Paid time off for Bank of America includes sick, vacation, holidays, and personal. In addition , they also offer parental leave, short term disability and long term disability. ("Bank Of America", 2017).

Financial statements for banks have uniquely different analytical problem than statements for manufacturing, service and most companies in general. Therefore this analysis of JPMorgan and Chase 's financial statements requires a different approach in order to recognize the banks worth as an investment.

The number of NASCAR’s fans is over 75 million and NASCAR ranked NO.1 in corporate involvement and per-event attendance, and NO.2 in television viewership, which mean that Bank of America is going to have enormous customer accumulation.

Bank of America is the company I elected to discuss their unique benefits package. Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with more than 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate

This comprehensive paper will analyze the financial standing of PNC Bank. In the first part o we will look at PNC Bank’s profile, mission statement and future direction. An analysis of PNC’s strengths and weaknesses based on PNC’s financial statements and ratios will be conducted. PNC will also be compared to the industry and to Bank of America. The Federal Reserve interest rates over the past five years will be correlated to PNC’s Net income for the same timeframe. The analysis will conclude with my forecast for PNC’s future profitability.

Bank of America is a banking and financial service industry located in Charlotte, North Carolina. If you would like to access the internet address for Bank of America, then you can click on this link provided https://www.bankofamerica.com . Its primary SIC Code is 6021 – National Commercial Banks, and its primary NAICS Code is 522110 – Commercial Banking. The Bank of American provides many goods and services for its customers such as banking, credit cards, loans, and investments. Every day Bank of America is competing against many competitors but JPMorgan Chase and Wells Fargo are some of the largest. Bank of America’s stock exchange ticker symbol is NYSE: BAC. The external auditor is PricewaterhouseCoopers LLP in Charlotte, North Carolina.

Barclays as a financial institution has established itself as a major player in the global financial services and banking sector. The company has spread out from its native UK to the rest of the world and its presence in developing regions of South Asia and Africa is massive. Barclays has become a global player in the market for financial services and may continue to grow even further as the years go by.