Top 10 Cheap Stocks To Own Right Now

Top 10 Cheap Stocks To Own Right Now: 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 ch! anged its name on October 1, 1998. Bank of America Corporation was founded in 1874 and is based in Charlott e, North Carolina.

Advisors' Opinion:

• [By Selena Maranjian]

  On the flip side, the ETF doesn't invest in companies in the financial, energy, utilities, or real-estate industries -- and to some investors, that makes it more attractive. Consider, for example, that the financial industry is still digging out from the credit crisis of a few years ago, with many banks still carrying troubled loans and facing fines for misconduct. Bank of America (NYSE: BAC  ) , for example, just got whacked with a massive $16.7 billion fine. The existence of the Consumer Financial Protection Bureau is also not auspicious for the industry.

• [By WWW.DAILYFINANCE.COM]

  Mark Lennihan/AP There were plenty of winners and losers this week, with a car rental giant revealing that it will fall short of its earlier expectations and the leading Mexican fast food chain raising the stakes in the battle for hungry bargain seekers. Here's a rundown of the week's best and worst. Hertz (HTZ) -- Loser Renting cars isn't an easy gig these days. Auto rental giant Hertz announced that it will fall well short of earlier expectations, laying the blame on everything from weak demand for its equipment business to recalls getting in the way of its car supply. A couple of analysts lowered their ratings on the stock following the news. The shares started to bounce back after billionaire activist investor Carl Icahn revealed that he has taken a stake in the company, but his intentions are sometimes radical. Hertz was already trying to split its business in two, suffering from the restatements and delayed financials accompanying the move. The last thing Hertz needs is another distraction. GameStop (GME) -- Winner The video game industry is showing a lot of life these days, and GameStop, the dominant retailer, posted blowout quarterly results after Thursday's market close. ! Sales so! ared 25 percent relative to last year, fueled by a 21.9 percent spike in comparable-store sales. Hardware sales were naturally strong. The Xbox One and PS4 weren't out a year ago. Even new software sales -- something that's been sluggish for years -- came through with a double-digit increase. That's huge, since software carries much higher margins than consoles. Analysts were seemingly aggressive in expecting earnings per share to double for the period, but profits per share soared 144 percent. Game on, Wall Street. Bank of America (BAC) -- Loser Bank of America continues to pay the price for the misdeeds of Merrill Lynch and Countrywide, which helped trigger the subprime lending crisis that led to a global economic setback. The "too big to fail" bank is apparently not

• [By Ben Levisohn]

  Citigroup’s Keith Horowitz explains the impact of Bank of America’s (BAC) $17 billion settlement on its earnings:

  AP

  We lower our 3Q estimate 36c to a $0.07 loss on higher litigation costs (we already had $1.2 bil of litigation in our 3Q14 estimate), partly offset by $200 mil in better NII on slower premium amortization due to lower yields. We lower our 2014 estimate 35c to $0.40 with the impact from the settlement partly offset by lower litigation costs in 4Q. We raise our 2015 estimate 5c to $1.55 on lower litigation costs, which we now see normalizing at $1.0 bil per year…

  The settlement today removes a large legal overhang on the stock. From here we expect the focus will shift to the fundamental drivers, including cost savings and a balance sheet well-positioned for an eventual rise in interest rates. Target remains at $19; Maintain Buy.

  Shares of Bank of America have gained 3.5% to $16.06 at 2:36 p.m. today. They’ve also helped give other big banks a boost: Citigroup (C), for instance, has risen 2.3% to $50.97, JPMorgan Chase (JPM) has advanced 1.6% to $58.58 and Wells Fargo (WFC) is up 0.9% at $51.31.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-cheap-stocks-to-own-right-now-3.html