| Abstract: | One-of-a-kind national banking franchise providing highly leverageable distribution platform A good mix of banking and nonbanking businesses Strong parent-company liquidity Integration risk with acquisitions of Countrywide Financial Corp. and Merrill Lynch Consumer sector concentration, and resulting exposure to accelerating credit losses in the near term Historically aggressive management of capital levels Increased headline risk Standard&Poor's Ratings Services' ratings on Bank of America Corp. (BofA) are based on its success in creating what we believe is the first true U.S. nationwide banking franchise and in converting this competitive advantage into improved financial performance. A key strength for BofA is its retail bank network of approximately 6,100 branches and an unrivaled distribution network, from which it gathers stable and inexpensive
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| Brief Excerpt: | RESEARCH Ratings Definitions Bank of America Corp. Publication date: 20-Mar-2009 Primary Credit Analyst: John K Bartko, C.P.A., New York (1) 212-438-7368; john_bartko@standardandpoors.com Secondary Credit Analyst: Scott Sprinzen,...
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| Report Type: | Full Report
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| Ticker: | BAC
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| Issuer: | Bank of America Corp.
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| GICS: | Other Diversified Financial Services (40201020)
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Corporations, Financial Institutions, Global Issuers, Insurance, Public Finance, Residential MBS, Structured Finance, Utilities
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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| Format: | | HTML |  |
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