Bank of America- Still America's Bank?
Updated
Bank of America....
On one hand their CEO has done a great job bringing them out the depths of the financial crisis
On the other hand excess exposure to Mortgage Back Securities (MBS), Commercial Real Estate and the risk bomb that is all things Merrill leaves them vulnerable to economic shocks
A sticky deposit book helps...but not enough.
Will America choose another bank?
We will find out together!
On one hand their CEO has done a great job bringing them out the depths of the financial crisis
On the other hand excess exposure to Mortgage Back Securities (MBS), Commercial Real Estate and the risk bomb that is all things Merrill leaves them vulnerable to economic shocks
A sticky deposit book helps...but not enough.
Will America choose another bank?
We will find out together!
Note
Long term forecast for BACShaping up to be a bumpy ride over the next decade
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