Bank of America remains one of America's dominant financial institutions, with enormous consumer banking, credit-card, wealth-management and corporate banking operations.
Its massive deposit base provides an important competitive advantage, while Merrill gives the group significant exposure to wealth management and investment services.
Banks will always be sensitive to interest rates, credit conditions and economic cycles, but BAC's scale and diversification make it fundamentally different from smaller regional banks.
Overall: BAC provides investors with exposure to one of America's strongest banking franchises. For those expecting continued long-term US economic growth and healthy capital markets, Bank of America remains a solid blue-chip financial holding.
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