NEW YORK ( TheStreet) -- For me, Bank of America ( BAC) doesn't mean Bank of Opportunity.
Although the brokerage analysts and the individual investor polls voice great optimism, I think wishing just doesn't make it so. Forget about your daydreams. Look at the bank's numbers and where else you could put your money and maybe you might agree with me. In the last month the stock has continued to decline as is evidenced by this hourly trading graph provided by Barchart: Earlier in the year it looked like the stock might out perform the market as measured by the Value Line Index but during the last six months the index is down by 7% while BAC has fallen by 12%: Let's look at the numbers and then come to a rational conclusion. Bank of America, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. The company's Deposits segment provides traditional savings accounts, money market savings accounts, CDs and IRAs, and non-interest and interest-bearing checking accounts, as well as investment accounts and products. Its Card Services segment issues credit and debit cards in the United States providing a range of lending products, including co-branded and affinity products. The company's Consumer Real Estate Services segment offers a line of consumer real estate products and services comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. Its Global Commercial Banking segment provides a range of lending-related products and services, integrated working capital management, and Treasury solutions to business banking and middle-market companies, commercial real estate firms, and governments. The company's Global Banking & Markets segment offers advisory services, financing, securities clearing, settlement, and custody services to institutional investor clients; debt and equity underwriting and distribution; merger-related and other advisory services; and risk management products. Its Global Wealth & Investment Management segment provides brokerage, banking, and retirement products; wealth structuring, investment management, trust and banking needs, and asset management services; and institutional and personal retirement solutions.