Here's How Bank of America Corporation Crushed It in 2017

Here's How Bank of America Corporation Crushed It in 2017

Bank of America (NYSE: BAC) was one of the hardest-hit major U.S. banks during the financial crisis, and the stock took a major tumble as a result. However, the bank has done an incredible job of not only recovering from the meltdown, but transforming its business into a well-run, sustainable banking operation that continues to improve.

As a result, Bank of America's stock price has risen more than 600% altogether since its 2009 post-crisis lows, and 2017 has been a very strong year, with a gain of 22% through mid-November. Here's why the bank is doing so well, and why shareholders should be encouraged about the future.

Image Source: Bank of America.

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Source: Fool.com