Stocks to Buy for the Coronavirus Depression

Hence, I think there will be no herd immunity to COVID-19 until the end of 2021 at the earliest. Herd immunity is the point at which a large portion of the population is immune to coronavirus.

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Is Bank of America a Tech Investment?

Plus, Bank of America’s Erica personal assistant app had 10 million users in December 2019, Business Insider claims. Moreover, Bank of America is a major player in mobile banking. Statista estimates 26.43 million people used BoA’s mobile banking services in 2018.

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Is Bank of America a Technology Company?

I think BOA’s revenues point to an interesting paradox in Fintech; the faster and more efficient Fintech gets, the less money it makes. Digital financial technology makes banks faster and more efficient but they make less money.

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Is Buffett Right about Bank of America (BAC)?

Thus, Uncle Warren proves you can make a lot of money from Bank of America even if Mr. Market hates it. Under these conditions, many people will ask if Bank of America is a good value investment.

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Bank of America Has Turned Around

That indicates Bank of America’s current operations might be unsustainable. It may need to cut back on some activities or close a lot of branches just to survive. A big problem here is that brick and mortar bank branches might no longer be profitable. Perhaps they should be closed and replaced with automatic teller machines.

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Has Bank of America Really Turned Around?

All of this makes Bank of America a value investment because it has a lot of problems, but it’s still capable of making a lot of money. More importantly it’s cheap because the problems scare a lot of investors away.

Those who stay do make money they were rewarded with a return on equity of 8.12% on June 30, 2017. That was up from 6.65% in June 2016, which proves bargain hunters like Warren Buffett are right about this stock.

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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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