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