Here's Why I Still Own Bank of America
The stock for Bank of America (NYSE: BAC), the second-largest bank by assets in the U.S., is trading down roughly 17% in 2023. Its stock was sold way more than its large U.S. megabank peers, which are down slightly on the year or even a bit in the green.
After this spring's short-lived banking crisis, the investment outlook for Bank of America shifted as investors changed their expectations for funding costs and the way they examine bank balance sheets.
Despite the challenges, I'm still holding my Bank of America stock. Here's why.
Source Fool.com
