2011 revenue: $115.1 billion
10-year annualized return: -13.0%
Bank of America has been plugging along since the crisis, working to form a new business model for a recovering financial institution. And certainly, the $5 billion that Warren Buffett invested in August 2011 helped, comforting worried shareholders. Shares of Bank of America plunged 60% in 2011, but they've since recovered much of that.
Now it's crunch time for the bank, which has announced plans to cut 30,000 of its workforce over the next several years and has already closed 13 branches. Next, BofA will need to offer smart, sustainable products and services. One of its plans is to make it easy for customers to move between services, say from checking accounts to loans.
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