Swot BOA

Analysis Bank of America was founded in 1874 in North Carolina. They of all of the basic and standard services of any bank. Bank of America is a very powerful Bank. In fact bank of America is one of the four big banks of the United States which account for 39 % of customer deposit. They own the largest retail deposit market share in the U. S. They also own 5,328 Banking Centers and 16,354 ATM machine. They are number 3 in distributing Credit Cards and number 1 in Online Banking capabilities.
When analysis Bank of America Internal strength one key strength is that they are the second biggest bank of the United States based on Assets. Right behind J. P Morgan and Chase, Bank of America has over 2 billion dollars in total assets. Not to mention the fifth largest company in the United States based on revenue. Another one of their strengths is there constant acquisition of customer not Just in the US market but globally. They are known and operate in all 50 states plus an additional 40 countries.
Lastly Bank of America is the largest Wealth distributor in the World with their acquisition of Merrill and Lynch. Some of their internal weakness include their Frequent Law suit and mortgage battles. For example Bank of America was sued for $10 billion by American International Group Inc. In August 2011. Also another one of their weakness is their heavily dependent on the U. S market. 90 percent of their revenue heavily depends on the US market. On top of that Bank of America has also lost some of it reputation with it acquisition of Merrill and Lynch.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

Some of its stockholder felt mislead with their acquisition and in fact filed a lawsuit against them. Lastly Bank of America last weakness is dissatisfied customers. Customers have logged in 20,512 complaints against them since December 2011 for example. Some of their opportunities that felt Bank of America should make is for starters is to continue purchasing other small Banks and business. That way Bank of America continue to dominate the Banking Industry as well as grown in others.
They also need to expand n their technological prowess for easement. With more efficient products and services their customer base will be a lot happier and would want to invest more into the company. Some of their biggest threats are Government Regulation, their competition of course and High Interest Rates and fees. The problem of Government Regulation is key because they have to be aware of what they can and cannot do. With the 2008 financial crisis the Government has played a major role in monitoring the Banks.
Their Competition should also be one of their biggest concern because they can lose client to this other company if there not offering the same type of services as they are. J. P Morgan is number one in total assets when it comes to banking and they have pretty satisfied customer base. Lastly they need to make sure they do not increase interest rate to high and extend their fees to high or else they would lose some of their customer. They need to give a clear and concise reason on why they are increasing their interest rate and fees.

Fountain Essays
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.