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Essay / Research Paper Abstract
This 4 page paper looks at the performance of the Bank of America comparing the perchance in 2007 with 2008 and looking at the first quarter of 2009 and then compares the performance with other banks. The bibliography cites 3 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEbanamer.rtf
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Unformatted sample text from the term paper:
to the results for 2007 there is a clear difference that can be seen with the use of a ratio analysis. When looking at the way that the bank has
performed. There has been a decline in the revenues from income interest, but this is only a small decrease, taking the income from $87,340 million to $85,684, however there was
a significant decrease in the interest paid out, from $52,871 million to $40,324 million. However, there are also other sources including fees, this saw a decrease in 2008 down to
$27,422 million from $43,433 million in 2007. However, there has also been an increase in the level of non compensation expenses increased by just over 26% in the year, while
the compensation expenses remained stable. The net impact of these changes sees a significant change in the profitability levels of the banks, this can be seen in the way that
the net profit, in this case measured as income after all expenses but before tax. In 2007 the net profit margin before tax (also known as the EBT: earnings before
tax) fell from 31.6% in 2007 to only 6.1% in 2008. The net profit margin after tax also sows a significant decrease from 28.4% in 2007 down to 5.51%
in 2008. However, it does appear that the bank is returning to a more profitable position, the first quarter of 2009 saw the Bank of America make a profit
of $4.2 billion (Fox, 2009). The net profit margin is not the only measure of profit and efficiency; there are also measures such as the return ion assets and
the return on equity. The return on assets is ratio that shows the level of profit that is created as a percentage of the assets, asset turnover may be used
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