SOURCE: The Bedford Report

The Bedford Report

August 26, 2010 09:00 ET

Analyst Reports on Bank of America Corporation (NYSE: BAC) & Citigroup Inc. (NYSE: C) -- How Will Financial Reforms Impact the Financial Sector?

Note to Editors: The Following Is an Investment Opinion Being Issued by the BedfordReport.com

TORONTO--(Marketwire - August 26, 2010) - The Bedford Report analyst team is looking at the Diversified Investments Industry and has issued Analyst Reports on Bank of America (NYSE: BAC) and Citigroup (NYSE: C). Access to the full company reports can be found at www.bedfordreport.com.

With the financial markets experiencing significant recovery through recent quarters, questions remain as to whether the momentum can be sustained in the face of new and tighter regulations signed into law by President Obama in July 2010. These financial reforms, intended to help prevent the sort of market crashes seen in 2008, have the potential to restrict profitability in the Banking Sector and it remains to be seen just how much the new regulations will affect banks.

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Of particular concern to the banks, are the restrictions on the types of business they may conduct going forward. Commercial Banks will face big restrictions activities including derivatives trading, proprietary trading, and investments in equity and hedge funds.

Looking at earnings, Bank of America last reported earnings of $0.27 a share and the analyst consensus is bullish for the company. Citigroup posted Earnings per Share of $0.09 but shows signs of recovery prompting expectations for higher earnings in future quarters. Analyst consensus is split between hold and buy.

Investors can get copies of the full analyst reports on Bank of America and Citigroup by registering for free at www.bedfordreport.com.

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