Go to the Web site of the Federal Financial Institutions Examination Council (FFIEC). The site has information on summary ratios for Bank of America....

Go to the Web site of the Federal Financial Institutions Examination Council (FFIEC). The site has information on summary ratios for Bank of America.

(http://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.