Bank of America consumed Countrywide and Merrill Lynch in 2007, but the acquired businesses are still causing BAC’s revenue to hover just above the company’s operational expenses, according to Seeking Alpha.

However, Seeking Alpha suggests BAC is well positioned to take advantage of a growing, appreciating housing market.

BAC’s efficiency ratio is currently at 87%, which Seeking Alpha suggests is due to its purchase of Merrill and Countrywide.

The debt BAC is paying off for Countrywide and Merrill Lynch will eventually cease, and BAC will be rightly placed to experience a surge in profits, Seeking Alpha suggests.