Description
Bank of America’s Digital Payments Approach – How Zelle Can Crush Venmo!
Bank of America Corporation reported robust second-quarter results that highlight strong organic growth across its varied business segments. The bank saw a 4% year-over-year increase in revenue, reaching $26.6 billion, alongside a 7% growth in net income to $7.1 billion. Earnings per share increased by 7%, reflecting effective cost management and growth strategies. The company achieved a return on assets of 83 basis points and a return on tangible common equity of 13.4%.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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