Comparing Pro-Forma And Bank Of America
Pro-Forma and Business Cycle Research Paper
FIN/375
, 2014
Pro-Forma and Business Cycle Research Paper
This report will compare the pro-forma financial statement of two companies: Bank of America and General Electric also-known as GE. It will describe and summarize the comparison of both organizations and their fiscal stability. It will also detail the typical business cycle of these two companies.
Pro-Forma Financial of General Electric and Bank of America
General Electric and Bank of America are two companies in the US that are competing to increase their sales, as well as their income in order to increase profits. Both companies are very strong financially: GE is an agglomerates industry with a market capital of $259.56 billion and Bank of America one of the major financial institutions with a market capital of $183.25 billion. Both companies make an effort to improve their bottom figures in each financial year. Bank of America had some merging and restructuring expenses in 2008, but was still showing remarkable earnings. However in the latest first-quarter 2014 report, a net loss of $276 million was published. In 2014, GE …show more content…
However, they took a huge financial loss as their earnings started to decrease as sale prices declined (Smith, 2008). General Electric said profits from its money and commercial finance divisions should total $2 billion in the third quarter, down nearly 20 percent from $2.45 billion in the second quarter (Smith, 2008). General Electric Capital is a large contributor to the company 's global earnings. Furthermore, General Electric had to give up some assets to raise their capital. As of today GE is one of the largest companies, which generate home appliances and they were able to overcome the financial crisis and regain their financial
FIN/375
, 2014
Pro-Forma and Business Cycle Research Paper
This report will compare the pro-forma financial statement of two companies: Bank of America and General Electric also-known as GE. It will describe and summarize the comparison of both organizations and their fiscal stability. It will also detail the typical business cycle of these two companies.
Pro-Forma Financial of General Electric and Bank of America
General Electric and Bank of America are two companies in the US that are competing to increase their sales, as well as their income in order to increase profits. Both companies are very strong financially: GE is an agglomerates industry with a market capital of $259.56 billion and Bank of America one of the major financial institutions with a market capital of $183.25 billion. Both companies make an effort to improve their bottom figures in each financial year. Bank of America had some merging and restructuring expenses in 2008, but was still showing remarkable earnings. However in the latest first-quarter 2014 report, a net loss of $276 million was published. In 2014, GE …show more content…
However, they took a huge financial loss as their earnings started to decrease as sale prices declined (Smith, 2008). General Electric said profits from its money and commercial finance divisions should total $2 billion in the third quarter, down nearly 20 percent from $2.45 billion in the second quarter (Smith, 2008). General Electric Capital is a large contributor to the company 's global earnings. Furthermore, General Electric had to give up some assets to raise their capital. As of today GE is one of the largest companies, which generate home appliances and they were able to overcome the financial crisis and regain their financial