Tomahawk, WI 11/26/2013 (BasicsMedia) –When people are asked to choose the bank they consider to be the safest, some choose Bank of America Corp (NYSE:BAC), while others opt not to make their choices known. The reason for this is hat banks have not enjoyed the best of reputations since the financial crisis of 2009 to date. No matter what BAC tries to do to convince its clients and the rest of the Americans that it means well, one cannot fail to notice that the response is not as it should be. Whichever way you choose to look at it, the truth is that Bank of America Corp (NYSE:BAC) is in a much better state than it was in the last 4 years.

BAC, just as it is with the other major American banks, is on a road to recovery after the misfortunes of the past three to four years. If you look at this bank’s balance sheets, as well as its underlying asset values and credit metrics, you will notice one common thread running through all of them; the bank is recovering pretty well. Analysts have examined Bank of America Corp (NYSE:BAC) very well and have arrived at one conclusion; that this bank can survive another recession, should it hit the U.S again like it did from 2009, and did not recede until a year or two later.

The U.S Federal Reserve appears to be convinced that BAC is not to be listed as a safe bank just yet. They say any attempts to list this bank as a safe one, would be a bit premature to say the least. According to the Federal Reserve, BAC is still a problem bank and needs to work hard to shed off this reputation, which is keeping many potential customers away from its banking halls for fear that they will lose their assets. It may take a little while longer for Bank of America Corp (NYSE:BAC), and other major banks in the U.S, to be given the go-ahead to raise their dividends.

As part of marketing purposes, a bank may advertise itself as a safe institution. Investors are often advised against heeding to the ads they see on TVs, or the ones they hear on radios and other audio sources, or read on print media. Investors should only believe that a bank is safe once Federal Reserve lists it as such. Consequently, unless a bank such as Bank of America Corp (NYSE:BAC) gets this approval from Federal Reserve, it cannot do many things, such as increasing their share buybacks or raising their dividends as it was alluded to much earlier.

This year, BAC has endured numerous stress tests, especially during the months when most major banks in the U.S go through a period of intense stress. Therefore, this fact has helped it acquire a new reputation in the banking sector in the U.S, where investors see Bank of America Corp (NYSE:BAC) as one of the banks that are on a solid path towards making full recovery, an attracting back the clients it lost during the aftermath of the financial crisis of 2009 and beyond. Bank of America Corp may not be the safest right now, but it is on its way towards being listed as such, possibly by 2014.

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