4 Things You Need to Know if You Buy Bank of America Stock Today
Bank of America (NYSE: BAC) is one of the largest banks in the U.S. It is also known for being one of the largest holdings in Berkshire Hathaway's $363 billion portfolio.
The bank is known for its solid financial performance and navigating challenging times over the past few decades. As one of the largest banks in the U.S., Bank of America has dealt with challenges from the low-interest rate era, followed more recently by the period of higher-than-expected interest rates we are currently experiencing.
However, its stock performance has been underwhelming. Since the start of 2022, Bank of America has delivered negative returns of 27%, compared to the S 500 index, which remained flat during the same period. If you're considering buying Bank of America stock today, here are four things you'll want to consider.
Source Fool.com
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