Hot Defensive Stocks To Invest In Right Now

Hot Defensive Stocks To Invest In Right Now: Bank of America Corporation(BAC)

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in ! 1874 and is based in Charlott e, North Carolina.

Advisors' Opinion:

• [By WALLSTCHEATSHEET]

  Bank of America provides essential financial products and services to consumers and companies operating all around the world. The stock has bounced back from extreme selling pressure and is looking to continue its bullish run. Over the last four quarters, earnings and revenue figures have been mixed which has really disappointed investors. Relative to its peers and sector, Bank of America has been a poor performer year-to-date. WAIT AND SEE what Bank of America does this coming quarter.

• [By Tyler Riggs and David Hanson]

  This year's stress test wasn't just a head-ache for Citigroup. It also created more stress for Bank of America (NYSE: BAC  ) , leading to halted dividends and share buybacks, and has held Bank of America's share price back.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/hot-defensive-stocks-to-invest-in-right-now.html