Recently, the financial sector in the US has emerged quite strongly with impressive performance indicators and positive growth, both of which reflect promise for investors. In this stock review, the subject of my financial analysis is Bank of America (BAC) – one of the largest banks in America today. Bank of America overshadows many of its competitors with its massive capital. Looking at how well the stock has performed recently, I strongly believe that it is a safe investment option for investors amidst growing market uncertainty.
Bank of America has cleverly reshaped its global strategy with the introduction of new initiatives that have helped it to adapt to changing market trends. The company has achieved this by redirecting its strategic emphasis to core development projects, announcing new acquisitions, making smart investments in profitable ventures, divesting non-core assets, and introducing strategic expansion policies.
Bank of America has recently launched the Edge Select Portfolio’s Program under which it will provide customers with greater access to actively managed diversified portfolio’s through a lower balance requirement. This move is a step in the right direction as it will attract more investors towards the business helping it to widen its competitive moat.
Another recent innovation by Bank of America was the launch of Trade Pro, an electronic trade and supply chain portal for large corporations and middle-market companies that seek to improve trade and financial supply chain operations. This initiative to establish an online platform for marketing clearly iterates the bank’s initiative to aggressively target a greater share of the market.To continue reading, click here.