NEW YORK, September 14, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on Bank of America Corporation (NYSE: BAC). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=BAC
Highlights from our BAC Report include:
- A recently held Press Conference - On August 18, 2015, Bank of America Corporation presented views from attendees collated at Bank of America Merrill Lynch (BofA Merrill) Payments and Commercial Card Conference, themed "Pay Everywhere: Extending Your Reach". The conference was attended by over 300 representatives from 175 companies and government agencies based in Asia Pacific, Europe, Latin America and North America.
- Identified priorities for 2015 - The Company believes that despite the growing emergence of mobile and electronic payment applications, many treasury departments across the globe are still struggling with the continued existence and enormous cost of paper payments. During the two-day event held at Phoenix, the clients continued to identify that to improve their working capital in 2015 they have to give top priority to completely convert their payments to electronic means. Their second priority was to expand their card program or to adopt mobile/digital business-to-consumer payments.
- Understanding audience's point of view - In order to understand the views of attendees about their respective opportunities and challenges, a number of questions were posed to audience members during the event. It was observed that approximately half of the audience had a formal payments strategy supported by senior management. Many clients also said that a mobile strategy was not their top priority in 2015. Around 60% of them did acknowledge that adopting a mobile payments application was something they were likely to introduce in the future.
- Management's Commentary - The Head of Global Transaction Services at BofA Merrill, Ather Williams said, "We were extremely pleased with the outcome of this year's Payments and Card Conference." He added, "We'd like to thank our clients and speakers for their active participation and the helpful input they provided. The intelligence we came away with will be invaluable as we determine where to further invest in our platform, and which new capabilities and services will be most beneficial to supporting our clients' goals."
To find out how this influences our rating on Bank of America Corporation., read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=BAC
--
About ACI Association:
Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.
NO WARRANTY
ACI Association, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.
RESTRICTIONS
ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE www.aciassociation.com
