New York- Currently the KBW Bank index which is a measure of the largest banks in the U.S. is soaring over 1.2 % while Bank of America is currently only up 0.52% in early trade. The stocks bears appears to be continually winning the fight, on pushing the stock price lower, despite improving fundamentals.
Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking subsidiaries (the Banks) and various nonbanking subsidiaries throughout the United States and in selected international markets, it provides a range of banking and nonbanking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Commercial Banking, Global Banking & Markets, Global Wealth & Investment Management, with the remaining operations recorded in All Other.
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