Top 5 Safest Companies To Invest In 2015

Top 5 Safest Companies To Invest In 2015: Bank of America Corporation(BAC)

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 187! 4 and is based in Charlott e, North Carolina.

Advisors' Opinion:

• [By Sue Chang]

  Bank of America Corp. (BAC) and the Justice Department are near a deal in which the bank would pay about $17 billion to settle allegations of mortgage-related misconduct in the run-up to the financial crisis, The Wall Street Journal reported late Wednesday. If completed, the deal would set a record for fines and damages in a civil settlement between the U.S. government and a company. Bank of America shares were mostly flat in after-hours trading.

• [By Jessica Alling]

  Inside the Dow
  Banks with large international components have been hit hard this morning, with both JPMorgan (NYSE: JPM  ) and Bank of America (NYSE: BAC  ) dropping in early trading. As of this writing, the losses are 0.63% for JPM and 0.49% for BAC -- though both have recovered slightly from larger drops within the first hour of trading. Outside the Dow, Citigroup (NYSE: C  ) has also dropped 1.77%. Since it is more focused on international operations than its peers, the bigger drop is to be expected. Although all three banks have operations in Asia that may be suffering from slower economies, operations in other emerging markets have often offset the Asian markets' weakness.

• [By John Grgurich]

  Foolish bottom line
  Put simply, Wells investors ought to thank their lucky stars and their collective good judgment that they aren't Bank of America (NYSE: BAC  ) investors. When B of A gets dragged into court to settle a lawsuit or complaint, they typically have to shell out billions. $39 million may be a lot to you and me, but it's chump change for Wells and will hardly even dent the bottom line.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.! com/top-5! -safest-companies-to-invest-in-2015.html