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.
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
BING NEWS:
- Bank Of America 6% Preferreds: The Fed's Not Cutting (Rating Downgrade)
Read this article to understand why the writer changed their opinion on Bank of America stock and why they are downgrading the preferred shares.
05/12/2024 - 4:59 am | View Link - Bank of America sends letters of encouragement to WS/FCS students before final exams
As they study, students at Winston-Salem/Forsyth County Schools got some encouragement: Bank of America boosted students' spirits by sending hand-written encouragement cards. The superintendent noted ...
05/12/2024 - 4:43 am | View Link - America is in the midst of an extraordinary startup boom
Although America has a deserved reputation as a country at the cutting-edge of innovation, fuelled by entrepreneurial vim, in recent years some economists have worried that this reputation no longer ...
05/12/2024 - 1:36 am | View Link - America's Population Time Bomb
"A large number of retirees is not a problem in itself; the proportion of retirees to new workers is the problem," labor economist Ron Hetrick told Newsweek.
05/11/2024 - 9:41 am | View Link - Does America Have the Means to Fight Again?
The production surge that let America lead the Allies to victory in World War II couldn’t be repeated today.
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- Bank of America | Online Banking | Log In | User ID
Sign in to your online banking account with secure. bankofamerica.com and manage your finances anytime, anywhere. You can check your balances, transfer funds, pay bills, and more. If you are not enrolled yet, you can sign up for online banking and get a $200 cash offer.
05/11/2024 - 2:56 pm | 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.
05/11/2024 - 2:11 am | View Website - Bank of America Online Banking & Bill Pay Customer Service
Get answers to the most popular FAQs and easily contact us through either a secure email address, a mailing address or our Online Banking & Bill Pay customer service phone number.
05/11/2024 - 12:16 am | View Website - Online Banking and Mobile Banking Features
Discover the many convenient features of Mobile Banking and Online Banking available to Bank of America customers.
05/11/2024 - 12:09 am | View Website - Bank of America
Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
05/10/2024 - 11:19 pm | View Website - More
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