Bank of America

BAC is a buy now (Dec 3, 2010) because its price now is less than $12 while its average earning per share in last 15 years is between 2 and 3.

BAC total assets jump to 2 trillion in 2009 from 570 billion in 1997, here are those big moments:
1. acquisition of

Notes
1. in all consolidated balance sheet, there is 'federal funds sold and securities purchased under agreements to resell' in assets - does it mean 'federal funds sold under agreements to resell' or 'federal funds sold' solo?
I think it is 'federal funds sold' solo; then how come 'federal funds sold' is an asset? It has been sold, so it should in turn become cash.

2. How will security purchased under agreements to resell and securities sold under agreements to repurchase affect financial statement?

Or the resell and repurchase are just off balance arrangement which u can only see in footnotes?

Well, if too much repurchase exist, it may mean fraud.