Top 10 Cheap Stocks To Invest In 2015

Top 10 Cheap Stocks To Invest In 2015: Bank of America Corporation(BAC)

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 1874 a! nd is based in Charlott e, North Carolina.

Advisors' Opinion:

• [By John Reeves]

  In the following video, Motley Fool contributor John Reeves tells investors why he's not buying shares of Bank of America (NYSE: BAC  ) today. John discusses several shady practices the bank's former employees have accused it of, including using the Home Affordable Modification Program, or HAMP, as a tool to get as much money out of borrowers as possible before foreclosing. John frames this as a bank putting shareholder interests ahead of customer interests, something he would never touch as an investor.

• [By Ilan Moscovitz and John Reeves]

  Risk mis-management
  Because banker compensation is biased toward encouraging risk-taking, banks rely heavily on independent lines of risk officers and their models to keep traders in line. JPMorgan's greatest strength is supposed to be that it has superior risk management to Bank of America (NYSE: BAC  ) and Citigroup (NYSE: C  ) .

• [By WALLSTCHEATSHEET]

  Bank of America provides products and services that are essential to global growth and daily operations for consumers and businesses around the world. The stock is attempting to make progress after have a couple of dismal years but earnings and revenue figures have not really impressed investors. Relative to its peers and sector, Bank of America has trailed in year-to-date performance. WAIT AND SEE what Bank of America does this coming quarter.

• [By Ian Wyatt]

  Berkshire has investments of more than $1 billion in 16 different companies. The largest of these investments include Wells Fargo (WFC), The Coca-Cola Company (KO) at $16.5 billion, American Express (AXP), International Business Machines (IBM), and Bank of America (BAC).

source from Top Penny Stocks For 2015:http://www.topstocksforum.com/top-10-cheap-stocks-to-invest-in-2015.! html