Is BofA a tier-1 BB?
BofA is famous for its syndicate loans, debt capital markets, debt-related restructuring and sales & trading. However, it seems that BofA never plays a significant role in equity capital markets, M&A, as well as equity research. Can it be viewed as a BB? Or just like HSBC or ABN, a great cb with a just so so ib presence?
Should an analyst/associate working with BofA be viewed in line with those working in GS/MS/Citi? Or he can just be put in line wih those from MM, say Jefferies, Piper or Wachovia?
BofA is not BB - yet. It is, however, quite close to attaining BB status. Definitely above HSBC and ABN, though. Take a look at vaults "prestige" rankings - they seem to be about right.
I wouldn't go so far as to say BofA if "famous" for its S&T. It's actually probably the weakest bank on the street right now in S&T. That said, they are trying to grow dramatically, so that will change quickly.....
BofA is one of the NYSE specialist firm, so does this make it competitive in equities trading?
No
BofA in the rankings (Originally Posted: 01/25/2008)
Can anyone tell me how BofA is doing in rankings, by group? What groups is BofA the strongest in? What groups are rising?
Any information would be greatly appreciated
interested as well
in london they have cut aggressively.... not that strong in europe i would say..
I've got some friends working there, and I've heard their RE and HC teams (especially HC) are actually pretty highly regarded on Wall Street. Anybody else heard the same?
-------------------- "It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879) "Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel
Health Care at BofA has been traditionally been supported by their balance sheet. I'd be interested to see how their M&A business is affected going forward. HC is one of the biggest and most profitable groups in the bank, but they focus on doing a larger quantity of smaller deals (750mm in TEV or less) rather than going elephant hunting. I think this strategy may be consistent with the bank as a whole, though. I'd be interested to see how this group in particular is affected by the recent announcement that BofA will be taking a significant step back from IBD going forward. I met with an MD in the group just this past week, he said they are "still very busy," but wouldn't elaborate on much else.
BofA's HC is pretty decent. Especially in HC devices. One of the MDs in that group is on the DealMakers 40 under 40 list.
BOA has been ranked at the top of the IB Real Estate league tables for the past two years. I work with their RE, retail, and M&A guys on a regular basis on a transaction that they are the sole book runners on. Great group of guys.
Anyone know about their gaming group? I heard it's pretty decent as well
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