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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Market Mad House
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
BOA
Is Bank of America Doomed or a Value Investment?
Yet there are some clouds on the horizon because of dismal revenue growth. The real problem facing Bank of America and its competitors is falling revenues. The revenue drops at BOA are not as bad as in past years, but they are still worrying.
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What Can EverBank Teach Us about Bank of Internet?
Another possibility is that BOFI’s growth is not from stealing customers from brick and mortar banks as its cheerleaders claim but from swiping depositors from other online banks.
Read MoreWho Actually Accepts Apple Pay?
It looks as if Apple Pay users are going to have to go out of their way to find a store that accepts it. That doesn’t bode well for a product that’s being sold as a convenient alternative to cash, checks, and credit cards. Apple Pay does not seem to be very convenient at all.
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