Bank of America, too big to fall

Bank of America (ticker: BAC) was formed in 1998 through the merger of NationsBank and Bank of America. It is the second largest banking institution in the United States and the second largest bank in the world by market capitalization. Both are second only to JPMorgan Chase. Bank of America is one of the four largest banking institutions in the United States.

How does Intuit, the leader in financial management software for individuals and small businesses, make money?

Company history Intuit (ticker: INTU) was founded in Palo Alto, California in 1983 by Scott Cook and Tom Proulx. The first product they developed was Quicken, and later Microsoft launched Microsoft Money competed with Quicken, but with little success. After going public in 1993, Microsoft once tried to buy the company, but the transaction fell … Continue reading “How does Intuit, the leader in financial management software for individuals and small businesses, make money?”

How does JPMorgan Chase make money?

JPMorgan Chase is named after the founder of one of the companies in the group, which has long been inseparable from the banking industry. The merger of its businesses involved many of its major competitors in the past.

Wells Fargo, a major holding once praised by Buffett and Munger

Wells Fargo, a major holding once praised by Buffett and Munger, Company profile, Berkshire Hathaway (NYSE: BRK.A and BRK.B) started buying Wells Fargo stock in 1990, a story worth mentioning.

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