Bank of America Corporation (NYSE: BAC) or BAC is the second largest banking institution in the US after JP Morgan (NYSE: JPM) and is widely regarded as one of the Big 4 US banks, with Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) rounding up the Big 4. The bank has operations across all common banking business lines and serves both individuals and institutions. This includes retail services, private banking, business banking, commercial banking, corporate and investment banking. BAC also owns the Merrill Lynch franchise which is well known for its wealth management division. The bank has more than $1.4 trillion in consumer deposits and 67 million consumer and small business clients. It serves more than 95% of the US Fortune 1000 and 77% of the global fortune 500 companies. Why buy Bank of America? 1) Consistent share price outperformance BAC has consistently outperformed the Bank Sector Index, indicating that this bank is above its peer group....