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Bank of America (BAC)
Analysis
Data
Financials
Top 3 Bulls Arguments

Reduction in Non-Prime Mortgage Weight: Taking note of the faltering subprime mortgage market, Countrywide has reduced the percentage of its overall mortgage portfolio held in non-prime mortgages. This should help the company limit its exposure to future fallout in the industry.

Retail Banking's Earnings on the Rise: The Retail Banking segment has steadily been increasing its pretax earnings proportional to the rest of the company, providing a more stable source of income in the currently volatile mortgage market.

Continuing to Diversify Business Lines: In 2002, Mortgage Banking accounted for 77% of Countrywide's pretax profits. In 2006, Mortgage Banking only contributed 47% to pretax profits.

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