Is This How Bank of America Corp and PNC Plan to Boost Earnings?

Bank of America (NYSE: BAC  ) and PNC (NYSE: PNC  ) are closing branches left and right. Will this eventually be a big boost to the bottom-line?

In this Where the Money Is segment, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss an article from SNL Financial, which shows that as more and more consumers shift to doing their banking transactions online, the trend of more bank branches closing than opening seen last year has so far continued in 2014.

Matt and David discuss why this might not be as much related to cost-cutting as it is to the efficiency of the bank's business overall. They also talk about just how much of an impact this trend could have on the financials of the big banks, which banks are bucking the trend, and whether this will hurt the financials of smaller banks looking to compete that can't afford to close branches and go online.

The next big change in the way you handle your money
The plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. When it does, a handful of investors could stand to get very rich. You can join them -- but you must act now. An eye-opening new presentation reveals the full story on why your credit card is about to be worthless -- and highlights one little-known company sitting at the epicenter of an earth-shaking movement that could hand early investors the kind of profits we haven't seen since the dot-com days. Click here to watch this stunning video.


Read/Post Comments (2) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2937331, ~/Articles/ArticleHandler.aspx, 10/2/2014 12:59:04 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement