Financial Management 2

Introduction

Bank of America is the third ranked public trading company in the United States of America according to the list published by Forbes Positioned on a composite score for deals, benefits, resources and market esteem, had a decent year. Bank of America demonstrate a 10% pick up in deals, 32% in benefits, 10% in resources and 17% in market capitalization over a year ago. This is regardless of a solid dollar that discourages numbers for the half of the individuals that are outside.

Net revenue for the last three recent years

Average total assets

Return on Asset Ratio= net income/average total assets.

Although bank of America is considered to be financially stable based on the manner and efficiency with which it handles the balance between its deposits, assets and liabilities their still other institution which are claimed to be financially healthier than them. This include chase bank and Barclays bank.

Bank of America is operating in an unfriendly manner. Recently I opened a saving account which now costs a monthly service fee even though I have direct deposit. That makes me think that I should move to another bank like chase bank.

2. Name of the bank

Bank of America (BOA)