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Bank of America Corp. Feb 02
Standard & Poors, Feb 2002
Abstract
The ratings of Bank of America Corp. are based on its premier consumer and commercial banking franchise that expands from coast to coast, complemented by corporate and investment banking and asset management businesses that operate in the national markets. Bank of America is the most geographically dispersed banking organization in the U.S., with a highly diversified revenue stream. Yet, even with such an enviable franchise, Bank of America has not yet achieved its full earnings potential due to a weakening in domestic asset quality in line with the national recession. Bank of America Corp. was formed in September 1998 through the merger of the formers NationsBank Corp. and BankAmerica Corp. The combined organization has a territory that extends from the...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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