UBS AG (ADR) (UBS) Boots Bank of America Corp (BAC) from Top Spot

B of A: too much shrinking and not enough expansion?
Will this recent development prompt Bank of America to rethink wealth operations outside of the U.S.? Time will tell, but the big bank seems to be aware of the situation. A recent report by its Merrill Lynch and U.S. Trust units noted that global growth is steadily being influenced by an emerging newly affluent middle class in China and elsewhere, while global economics are tilting less toward the U.S. consumer.

Maybe B of A will learn a timely lesson from UBS AG (ADR) (NYSE:UBS): Cost containment is important, but so is expansion into profitable markets. If UBS AG (ADR) (NYSE:UBS) can do both simultaneously, there’s no reason Bank of American can’t do the same.

The article UBS Boots Bank of America from Top Spot originally appeared on Fool.com is written by Amanda Alix.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, and Wells Fargo.

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