Bank of America Corp
BAC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $55.00 | Wdqm | Dvhtgrgj |
Maintaining Our Fair Value for Bank of America Following Q3 Earnings
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Business Strategy and Outlook
After years of issues following the financial crisis of 2008, Bank of America has emerged as one of the preeminent U.S. banking franchises. The bank has one of the best retail branch networks and overall retail franchises in the United States, is a Tier 1 investment bank, is a top four U.S. credit card issuer, is a top three U.S. acquirer, has a solid commercial banking franchise, and owns the Merrill Lynch franchise, which has turned into one of the leading U.S. brokerage and advisor firms.