Bank of America update September 30, 2016

Bank of America is updated and rated (higher) Buy at $15.38. That was yesterday’s price, the price as I post this is $15.65. Bank of America is a large U.S. bank with a huge branch network serving consumers and small businesses. It also has very large corporate banking activities including investment banking (advising corporations and providing services to issue stocks and bonds for companies). It also has a trading operation for market making and proprietary trades. Activities outside of the U.S. account for only about 8% of its operations. Its earnings are still recovering from the financial crisis and remain volatile with certain non-operating losses or gains most quarters. Overall it appears to offer good value at the recent price.