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Bank Of America Is Positioned To Excel Amidst Crisis

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wow_happens28 Member Level  Friday, 04/17/20 05:02:32 PM
Re: SaltyMutt post# 3909
Post # of 3926 
Bank Of America Is Positioned To Excel Amidst Crisis

Summary
Bank of America has a much lower risk loan portfolio than it is given credit for by most analysts.

Many seem to not be taking into account the fact that the new CECL guidelines require banks to provision for all expected losses over the life of the loans.

The fact that BAC made $4billion, despite a massive reserve build during this crisis, highlights its huge Pretax pre-provision earnings power that will carry it through the crisis.

https://mail.google.com/mail/u/0/#inbox/FMfcgxwHMsPTHRmnPbMcRJcPSSTQlgbg

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