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  #1  
Old April 8th, 2017, 03:44 PM
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Default GDP Bank of America

Hi buddy here I am looking for info related to Gross domestic product (GDP) as per Bank of America, so will you plz tell me about the same ???
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  #2  
Old April 8th, 2017, 04:17 PM
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Join Date: Mar 2012
Default Re: GDP Bank of America

Bank of America is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina.

As you asking I am telling Bank of America has lowered its GDP number by 30 bps to 7.6 per cent for the next fiscal (2017-18). Morgan Stanley has also lowered the growth projection for 2017-18 to 7.7 per cent, from 7.8 per cent, pegging it at 7.9 per cent for 2018-19.

Bank profile :
Type Public company
Traded as NYSE: BAC
S&P 100 Component
S&P 500 Component
Industry Banking, Financial services
Predecessor Bank America
NationsBank
Founded October 17, 1904; 112 years ago (as Bank of Italy)
February 1930; 87 years ago (as Bank of America)[1][2]
October 1998; 18 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina
Number of locations 4,600 retail financial centers & approximately 15,900 automated teller machines[3]
Area served Worldwide
Key people Brian Moynihan
(Chairman and CEO)[3][3]
Products Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,
Revenue US$83.701 billion (2016)[3]
Net income US$17.906 billion (2016)[3]
AUM US$886.148 billion (2016)[3]
Total assets US$2.187 trillion (2016)[3]
Total equity US$266.84 billion (2016)[3]
Number of employees 208,000 (2016)[3]
Divisions Bank of America Home Loans, Bank of America Merrill Lynch
Subsidiaries Merrill Lynch
U.S. Trust
Capital ratio 10.8% (2016)[3]
Rating Long Term Senior
Moody's: Baa1 (10/2016)
S&P: BBB+ (10/2016)
Fitch: A (10/2016)
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