U.S. Bancorp’s exceeded 17%. The point being, a 12% return on tangible common equity is conservative. My second assumption is that Bank of America’s stock over the next 25 years will trade at an average multiple of 1.5 times its tangible common shareholders’ equity. Right now it trades for 1.3 times tangible common equity. In the future, it’ll trade for 2.0 or more times the same figure. Embedded in my assumption, then, is that these ups and downs will average out to around 1.5 times tangible book value. Finally, I assume that Bank of America will allocate its earnings evenly between dividends, buybacks, and retained earnings. This is how banks generally strive to distribute their capital. Relatedly, I also assume that investors in its stock use a dividend reinvestment plan, or DRIP, which automatically reinvests dividends into new shares of the underlying stock.
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Since Ada’s global launch earlier this fall, the app has already climbed to no. 1 medical app in the App Store in 80 countries – more than any other iOS app in 2016. “While the topic of machine learning and AI comes with some unknowns, in the medical field, we know the future of AI is bright and the possibilities are endless,” said Daniel Nathrath, Ada Health co-founder and Chief Executive Officer. “We’re at the forefront of something special. Ada continues to get smarter with each passing day. At a time when health Thanks care resources are limited, Ada can work in concert with doctors to alleviate strain and allow them to focus on their core competencies.” Ada intelligently checks symptoms by asking simple and individualized questions without complicated medical jargon, and becomes smarter as it becomes familiar with the user’s medical history. A detailed symptom assessment report is generated by analyzing all the symptom information provided by users, which can then be shared with the user’s doctor. Notable features & benefits for doctors include: Earlier and better health assessment through a sophisticated decision support system. Ada generates detailed symptom assessment reports that users are able to share with their doctors in advance, or during office visits.
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