This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

10 Financial Stocks With Upside

7. Bank of America (BAC - Get Report) is one of the world's largest financial conglomerates, offering a range of services that include banking, investment, asset management, and financial and risk management products and services.

The bank reported net income of $2 billion for the first quarter of 2011, compared to $3.2 billion in the year-earlier period and a net loss of $1.2 billion in 2010 fourth quarter. Higher net income resulted from lower credit costs, higher fee income, and investment gains.

Credit quality improved in the first quarter of 2011, with net write-offs declining across most portfolios compared to the first quarter of 2010. The bank's loan book expanded $101 billion in the first quarter of 2011 -- the third quarter of consecutive loan growth -- while deposits grew 5%. Bank of America is estimated to have provided $144 billion in the first quarter of 2011 towards first mortgages, consumer business cards, home equity products, and other consumer credit.

The Tier-1 capital ratio at the end of the March quarter was 11.2% and capital adequacy ratio was 15.8%. The stock trades at 11.4 times its estimated 2011 earnings and is likely to deliver 43% return in the next one year.

5 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BAC $15.33 -0.58%
BCS $14.69 -1.50%
C $51.00 -0.37%
CS $26.98 1.00%
JPM $59.40 -0.24%


DOW 17,691.18 +12.95 0.07%
S&P 500 2,056.70 +0.55 0.03%
NASDAQ 4,878.1490 +14.7870 0.30%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs