Top 5 Cheap Stocks To Own For 2015

Top 5 Cheap Stocks To Own For 2015: 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 change! d its name on October 1, 1998. Bank of America Corporation was founded in 1874 and is based in Charlott e, North Carolina.

Advisors' Opinion:

• [By Ben Levisohn]

  Just when you thought it was safe to buy big-bank shares again, another Fed governor hints at even stiffer regulations for the likes of JPMorgan Chase (JPM)and Bank of America (BAC).

• [By Ben Levisohn]

  Nomura’s Steven Chubak and Sharon Leung worry that the Federal Reserve’s comprehensive capital analysis and review will lower the return on equity for Bank of America (BAC) and Citigroup (C), though JPMorgan Chase (JPM) comes out looking better in their new analysis. They explain:

• [By Selena Maranjian]

  On the flip side, the ETF doesn't invest in companies in the financial, energy, utilities, or real-estate industries -- and to some investors, that makes it more attractive. Consider, for example, that the financial industry is still digging out from the credit crisis of a few years ago, with many banks still carrying troubled loans and facing fines for misconduct. Bank of America (NYSE: BAC  ) , for example, just got whacked with a massive $16.7 billion fine. The existence of the Consumer Financial Protection Bureau is also not auspicious for the industry.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-cheap-stocks-to-own-for-2015.html