Similar Stories to How Does Bank Of America Make Money? on Bing News

newsfeedback@fool.com (John Maxfield), The Motley Fool
Thu, 04/20/2017 - 8:46am

If you're a current or prospective investor in Bank of America (NYSE: BAC), one of the most important things you should probably know is how the nation's second-biggest bank by assets makes money. The answer to this question seems obvious, but there's more to it than meets the eye.To start out with, as a bank, Bank of America takes deposits and lends out money, pocketing the difference between its cost of funds and its yield on earning assets.

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Topics:  america nyse   bac    bank   america   money   assets   
BING NEWS:
  • America's richest self-made woman went from $900,000 in debt to billionaire—without a college degree
    Diane Hendricks and her husband reportedly took out a $900,000 loan to start their roofing supply company in 1982. Now, she's America's richest self-made woman.
    06/1/2024 - 2:00 am | View Link
  • Bank of America Corp. stock outperforms competitors on strong trading day
    Shares of Bank of America Corp. advanced 3.52% to $39.99 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.80% to 5,277.51 and the ...
    05/31/2024 - 9:31 am | View Link
  • Bank Of America Strategist Shifts To Bonds: Stock Sell-Off Prophecy On Benign Inflation Comes True
    Bank of America's chief investment strategist turns bullish on bonds, expects stock market sell-off. Advises to buy dip in bonds and sell first cut for stocks.
    05/31/2024 - 5:54 am | View Link
  • America Was Built on Cooperation, Not Oppression
    Offer a random person anywhere in the world a thousand dollars, a ticket to America, and a green card, but with the catch that the offer is only good for ...
    05/30/2024 - 8:58 pm | View Link
  • How America Inadvertently Created an ‘Axis of Evasion’ Led by China
    Western sanctions and export controls were meant to subdue enemies of the U.S. but instead have led to a shadow economy.
    05/30/2024 - 7:44 pm | View Link
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BING SEARCH:
  • Bank of America | Personal Banking Home Page
    Find a banking center or ATM. Visit our sitemap for more products and services. Contact us to speak with a representative. Bank of America offers a full range of banking, investing, asset management and other financial products and services.
    05/31/2024 - 11:05 am | View Website
  • About Bank of America
    Bank of America is committed to making communities stronger and financial lives better through responsible growth and empowering those we serve. For us, it comes down to one simple question: What would you like the power to do?
    05/31/2024 - 4:53 am | View Website
  • Small Business Banking, Credit Cards & Loans – Bank of America
    Simplify your small business banking and help your company grow with Bank of America Business Advantage. Open a business bank account, find credit cards, apply for a loan, discover cash management tools and get valuable small business banking tips.
    05/30/2024 - 11:09 pm | View Website
  • Bank of America Financial Centers and ATMs
    Welcome to Bank of America's financial center location finder. Locate a financial center or ATM near you to open a CD, deposit funds and more.
    05/30/2024 - 9:00 pm | View Website
  • Bank of America
    What would you like the power to do? For you and your family, your business and your community. At Bank of America, our purpose is to help make financial lives better through the power of every connection.
    05/30/2024 - 7:35 pm | View Website
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