Top Supermarket Companies To Buy Right Now

Top Supermarket Companies To Buy Right Now: Bank of America Corporation(BAC)

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 1! 874 and is based in Charlott e, North Carolina.

Advisors' Opinion:

• [By Philip Mause]

  It is, of course, impossible to develop a universal corporate borrowing rate. I have conservatively used six per cent as a rate at which many of the large corporations can borrow money for 10 years. Readers should be aware that many, many large corporations can borrow at much, much lower rates. For example, Apple (AAPL) has 10 year bonds priced to yield 3.64%, Verizon (VZ) 3.55%, Bank of America (BAC) 4.06%, and AT&T (T) 4.15%. In this regard, the S&P 500 Index is weighted by market cap and so the impact of large companies with low borrowing costs - such as AAPL, Exxon (XOM), Microsoft (MSFT) and Verizon - is very large. Thus, the 6 per cent borrowing cost I am using for companies in the Index is very, very conservative. At any rate, I have assumed a 35% corporate tax rate and I have calculated the after tax borrowing cost, the PE, and the Index price which would correspond to various corporate interest rates using this Model.

• [By Lauren Pollock]

  Among the companies with shares expected to actively trade in Wednesday’s session are Bank of America Corp.(BAC), Chelsea Therapeutics International Ltd.(CHTP) and NuVasive Inc.(NUVA)

• [By Greg Madison]

  News last week revealed that Bank of America Corp. (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) are dirty, dirty, dirty.

  The Justice Department announced that it is pursuing a civil lawsuit against Bank of America on the grounds that the bank lied about the quality of the mortgages underlying its mortgage-backed securities (MBS) prior to the housing collapse and financial crisis. The Justice Department is still on a high from its successful civil lawsuit against Goldman Sachs Group Inc.'s (NYSE:GS) mid-level toxic securities shill, Fabrice Tourre.

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