Go to the Web site of the Federal Financial Institutions Examination Council (FFIEC). The site has information on summary ratios for Bank of America.
(https://www.ffiec.gov/nicpubweb/nicweb/InstitutionProfile.aspx?parID_Rssd=1073757&parDT_END=20070630)
Using the most recent quarterly data available, compare Bank of America with its peer group averages for the following ratios:
- ROE
- ROA
- PLL/Average Assets
Explain any variation in these ratios from the peer average. Comment on the profitability of banks in the peer group.
Write a 1-page report with data and analysis in a Word document formatted in APA style.