Bank of America Corp - Company Profile
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Bank of America Corp (BoA) is a bank holding company. Digital capabilities, adequate capital, a wide global network and client centric solutions are some of its major strengths, even as a decline in non-interest income could be a cause for concern. Growth initiatives, growing wealth management prospects, and growth in the market for payment channels in the US could provide ample growth opportunities to BoA. However, risks related to online identity theft and hacking, regulatory requirements, and the emergence of neobanks could affect BoA’s business, operating results, and financial condition.
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