Bank of America: Buy, Sell, or Hold?
Bank of America (NYSE: BAC) is a well-known financial services powerhouse. It has its hands in various industry niches, like consumer and commercial banking, capital markets and investment banking, and wealth management. The business has been around for over a century, showcasing its durability.
Investors looking to put money to work in this critical sector of the economy might be focusing their attention on Bank of America. Is this top bank stock a buy, sell, or hold for your portfolio?
One clear reason investors might consider this stock is because of Bank of America's wide economic moat. The business has developed some durable competitive strengths that minimize any chance of disruption, and that fact supports its staying power over time.
Source Fool.com
