Why 2018 Could Be Bank of America's Best Year Yet
Everything changed for Bank of America (NYSE: BAC) in 2015. That was the year that the nation's second-biggest bank by assets turned the corner from the financial crisis. In the seven years before that, its earnings were erratic, sometimes dipping into negative territory. But since then, Bank of America has earned healthy and growing profits each quarter.
The current fiscal year is a case in point. Over the first three quarters of 2017, Bank of America has earned an average of $5.2 billion a quarter. That marks a meaningful improvement over the previous year, when its average quarterly earnings came in at $4.5 billion. And at the rate Bank of America is going right now, 2018 will be even better. It's fair to think, in fact, that next year could be Bank of America's best year yet.
Data source: YCharts.com. Chart by author.
Source: Fool.com
Bank of America Corp. Stock
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