Subject: Re: BOA
Moat- 'Wide' (Morningstar)
+ 2nd Largest U.S. Bank
+ Considered to be a Globally Systemic Important Bank
+ Economies of Scale - thru product breadth and its ability to bundle creating switching costs
+ Top issuer of credit and debit cards
+ Dominant wealth managers in the U.S. through its multiple Merrill Lynch platforms (enabling one-stop banking and investment shop)
+ Current Px/Bk .91
+ Current P/E 8.7
+ 52 wk trading range 26.32 - 40.40
+ Berkshire is Largest Stockholder
Suggest you check out Morningstar BAC Stock Analysis
GLTA,
Silverlinin