Sample Essay

In the year 2001 the average price earnings ratio for the company was at 13.70, with the share price & sales ratio at 1.93. The share price and book value ratio for the company was at 2.02, with a net profit margin of 17.7. The book value per share in 2001 was at $15.56.

In 2003, the year of the merger, the average price earning ratio was at 10.6, with the share price & sales ratio at 2.46. The share price and book value ratio for the company was at 2.42, with a net profit margin of 34.5. The book value per share in 2003 was at $16.65. Two years after the merger in 2005 the average price earning ratio was at 11.10, with the share price & sales ratio at 2.21. The share price and book value ratio for the company was at 1.82, with a net profit margin of 28.1. The book value per share in 2005 was at $25.39.

 

The Bank of America has also faced a similar fate than the other banks operating in the banking and financial industry inAmerica. The sales made by the company have significantly decreased since its merger while the profit made on each sale by the bank has also decreased by almost 10 percent.

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Essay: Financial Ratios of Bank of America
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