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
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The uncertain future of Bank of America (NYSE: BAC) is threatened by the changing nature of consumer banking. The biggest
Read MoreYet 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.
Read MoreAnother 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 MoreIt 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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