Bank of America and the Uncertain Future of Consumer Banking

The uncertain future of Bank of America (NYSE: BAC) is threatened by the changing nature of consumer banking. The biggest

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Can the Monster Banks Survive the Age of Trump?

A major problem is that revenues at JPMorgan and Bank of America are well below their historic highs. JPMorgan reported revenues of $99.13 billion back in June 2013; Citi reported revenues of $77.40 billion as recently as September 2014, and BOA’s revenues hit a high of $97.59 billion in June 2012.

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Will Rising Interest Rates Hurt Bank of America

Mortgages will not be the cash cow for Bank of America in the future that they are today. The bank will need to find new streams of revenue to replace them.

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Is Bank of New York Mellon the best Value in FinTech?

Bank of New York Mellon is not just a bank with offices in Manhattan it is a FinTech play. BNY Mellon is one of four major banks developing the Utility Settlement Coin or USC, with the technology companies Icap and Clearmatics, Crowdfund Insider reported.

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Have Bank Stocks Turned Around?

Another reason why bank revenues are growing is that upper income families are making more money. University of Berkeley Economist Emmanueal Saez reported that the incomes of the richest 1% of US workers increased by 7.7% in 2015, CBS reported.

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Banking Apocalypse Thousands of Brick and Mortar Branches Closing

If this trend progresses to its logical end bank tellers will disappear much like elevator operators did. It also raises a fascinating question: what will communities do with all those empty bank buildings?

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Should Value Investors Pounce on Wells Fargo?

Buffett’s thinking is that Wells Fargo has so much money; it can simply pay whatever fines and lawsuit settlements that stem from the phantom accounts scandal, and still have cash to spare. This seems like an obvious extension of Warren’s famed belief that a good business is one your idiot nephew could run and still make money. Here’s how he described in a 2010 discussion with the FDIC:

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US Bancorp the Value in Banking

I’ve begun to really like bank stocks lately because they’re cheap and fast-growing but produce a lot of income. One

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EverBank, Bargain or Dud?

If you are looking for a bargain in banking check out Bank of America and stay away from BOFI and EverBank, far, far away. My prediction is that both Bank of Internet and EverBank are heading for a fall into the single digit share value range real soon.

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MasterCard Joins the Payment App Wars

MasterPass looks like a serious contender in the payment wars that has a few advantages over Apple Pay. A big one is the existing MasterCard payment network. One critical step the company has done is to get the big monster banks including BOA and Citi (NYSE: C) onboard. Notably missing is Chase which is pushing its own Chase Pay solution.

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