Performance Evaluation Report on Bank of America
Bank of America is one of the largest financial institutions not only in the United States but across the globe. The financial records for the past few years indicate that the company's best performance was during the 2013 fiscal year. From this year, the annual revenue began to decrease steadily until 2017 when it regained a momentum growth. Even the high revenues that were realized during the year 2017 are still less than those that were obtained in 2013. Even though the changes in the financial performance of this organization can be seen to assume an irregular trend, there is a general impression that the financial performance has not been as impressive as it used to be 2013. Several changes have been witnessed during the five0year period. Each of these changes reflects the impacts of the environmental factors that affect the business activities of this institution. Generally, the performance of Bank of America is affected by both the internal and the external factors.
The Recent Development of BAC’s Products and Services
This organization is known to …show more content…
Despite these successful operations, the company remains vulnerable to some of the most challenging problems. However, statistics indicate that certain economic changes will take place and will benefit the organization in many ways. The first opportunity that lies ahead of the company is that the continued industrialization will result in the expansion of the corporate sector. Consequently, the company's market base will expand since most business institutions are always willing to take loans in order to finance their business activities (Bank of America 2015). The increasing number of firms will also boost the company’s ability to participate in capital investment activities. The availability of enough companies will provide enough alternatives for the companies to invest
Bank of America is one of the largest financial institutions not only in the United States but across the globe. The financial records for the past few years indicate that the company's best performance was during the 2013 fiscal year. From this year, the annual revenue began to decrease steadily until 2017 when it regained a momentum growth. Even the high revenues that were realized during the year 2017 are still less than those that were obtained in 2013. Even though the changes in the financial performance of this organization can be seen to assume an irregular trend, there is a general impression that the financial performance has not been as impressive as it used to be 2013. Several changes have been witnessed during the five0year period. Each of these changes reflects the impacts of the environmental factors that affect the business activities of this institution. Generally, the performance of Bank of America is affected by both the internal and the external factors.
The Recent Development of BAC’s Products and Services
This organization is known to …show more content…
Despite these successful operations, the company remains vulnerable to some of the most challenging problems. However, statistics indicate that certain economic changes will take place and will benefit the organization in many ways. The first opportunity that lies ahead of the company is that the continued industrialization will result in the expansion of the corporate sector. Consequently, the company's market base will expand since most business institutions are always willing to take loans in order to finance their business activities (Bank of America 2015). The increasing number of firms will also boost the company’s ability to participate in capital investment activities. The availability of enough companies will provide enough alternatives for the companies to invest