Bank of America Is on the Verge of Another Major Milestone

Things are looking better at Bank of America (NYSE: BAC) with each passing quarter. The bank is now on the verge of reaching another notable milestone -- in addition, that is, to the milestones it has passed over the past few years.

The latest milestone concerns Bank of America's size. At the end of the third quarter, the Charlotte, N.C.-based bank reported that it had $2.28 trillion worth of assets on its balance sheet. That's enough to rank it second behind JPMorgan Chase (NYSE: JPM), which has $2.56 trillion in assets.

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Source: Fool.com