Investment Selection
Bank of America
According to the financial statement of Bank of America the net income in 2013 was $11,431,000, the net income in 2014 was $4,833,000, and the net income in the year 2015 was $15,888,000 (Bank of America Corporation, 2016).
The stock price for Bank of America in the past five years has been ranging from 14. 31 as the lowest price to 14.55 as the highest price.
For Bank of America, to qualify for the index, securities must have a rating below investment grade. Each security must have a remaining maturity greater than one year, a minimum outstanding amount of $100 million and a coupon schedule (TOP 50 FASTEST-GROWING COMMUNITY BANKS, 2016).
An explanation of why I selected this particular investment
Bank of America is a large financial institution that serves individual customers, small market businesses, middle market and large corporations. The company has a full variety of asset management, banking, investment and other financial management products that may be important for any investor to research on (Brandeisky et al, 2015). It is cost effective and convenient to those investing in shares whether purchasing for the first time. It also offers a wide range of investment advisory, brokerage and other services that an investor may require. It has a wide range of offers to customers that an investor may need to know of thus the best investment to research on (Green, 2014). Due to the fact that the research is based on a highly marketable investment, Bank of America is one of the highly marketable investments that one can research on. In general, Bank of America has a wide range of a operations that an investor may prefer to learn (Green, 2014).
References
Bank of America Corporation. (2016). Bank of America Corporation SWOT Analysis, 1-8
TOP 50 FASTEST-GROWING COMMUNITY BANKS. (2016). Independent Banker, 66(6), 35-41.
Bank of America Corporation. (2016). Bank of America Corporation MarketLine Company Profile, 1-45
Brandeisky, K., Poppick, S., Gupta, S., & Dholakia, N. (2015). THE BEST BANKS IN AMERICA. Money, 44(10), 74-81.
Green, H. (2014). Banking on America: How TD Bank rose to the top and took on the U.S.A.
