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10 Bargain Stocks Under $10

7. Bank of America (BAC - Get Report) offers a range of services including investment, asset management and financial and risk management products and services.

Provisioning for credit losses in the second quarter of 2011 declined 60% compared to the corresponding quarter in 2010. Net charge-offs fell for the fifth consecutive quarter, indicating enhanced credit quality across the consumer and commercial portfolios and underwriting changes implemented earlier.

Bank of America extended credit worth $147 billion, including $84 billion in commercial non-real estate loans, $11 billion in commercial real estate loans, and the rest to consumers and small businesses.

Regulatory capital ratios were higher than the earlier guidance with the Tier-1 common equity ratio at 8.23% at the end of the quarter and Tier-1 common ratio above 8%. The stock trades at 6.4 times its estimated 2011 earnings with a consensus of analysts projecting an upside of 66% over the next the next year.

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LCC $0.00 0.00%
AAV $5.49 2.40%
AMKR $8.72 -1.30%
BAC $15.41 0.13%
DAL $43.26 -3.80%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

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