Essay on Bank of America (BAC): Financial Services Giant With Average Earnings of 2.83 and Revenue 91.74B.

The Bank of America ticker symbol BAC is a corporation in the financial services sector based in Charlotte, North Carolina. It provides banking, financial products, and services for small businesses, large corporations, and governments. The average earnings estimate of the year is 2.83 and the average revenue estimate 91.74 billion dollars. The Yahoo Finance site is an example of a news wire which gathers and publish financial information. The site provides extensive and detailed information without need for subscription. The types of information documented on BAC on the Yahoo Finance site include charts, conversations, statistics, analysis, and summary about the corporation. The information includes market and asset level data including commodity pricing, exchange rates, and bond yields. The site allows for portfolio tracking. The main highlight is the stock performance high and low on the New York Stock Exchange. The information includes relevant news and press releases which keep the public informed about the business dealings of the corporation.

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The scope of the information documented the performance of the corporation in the scope market and various discussions about the activities the corporation is involved. The information provided gives an insight into the performance of the corporation over the last few years. The study of hard and soft information in the banking literature assists professionals examine how type of information helps determine the feasibility of an organization (Liberti & Petersen, 2018 p.2 para1). The information documented on the site can help on a personal level in buying and selling of stock. The information details the acquisitions, business dealings, and the stock performance of the corporation. This information can be useful in making personal investments. The information can help professionally by advancing knowledge on stock exchange. Professionals can eliminate the company in passing problem by gathering news articles from Yahoo Finance using the company's ticker symbol (Schumaker & Chen 2009, p.17, para.1). Analysis of previous earnings can help in the prediction of future outcomes. The site is also useful in keeping track of business news. With the premium finance subscription, professionals can access financial data tools, proprietary data sets, and industry research.

Conclusion

In conclusion, the site is a valuable asset in finding information on global corporations trading on the New York Stock Exchange. The BAC is a stable and profitable corporation that one can invest.

References

Liberti, J. M., & Petersen, M. A. (2018). Information: Hard and soft. Review of Corporate Finance Studies, 8(1), 1-41. https://www.nber.org/papers/w25075.pdf

Schumaker, R. P., & Chen, H. (2009). Textual analysis of stock market prediction using breaking financial news: The AZFin text system. ACM Transactions on Information Systems (TOIS), 27(2), 12. https://www.researchgate.net/profile/Rob_Schumaker/publication/220515646_Textual_analysis_of_stock_market_prediction_using_breaking_financial_news_The_AZFin_text_system/links/56d49bd208aefd177b0f5c73.pdf