3 Reasons Why Bank Of America Is A Best-Of-Breed Bank

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About: Bank of America Corporation (BAC)
by: Chris B Murphy
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Chris B Murphy
Currencies, banks, newsletter provider, macro
Summary

Bank of America Corporation is one of those best-of-breed banks despite a challenging yield curve.

BofA's net interest yield has held up fairly against the backdrop of Fed rate cuts, a trade war, and slower economic growth.

I believe Bank of America is in a great position to outperform the market in the medium- to long-term, although there might be short-term pain.

Bank stocks have performed fairly well since Q3 earnings to the surprise of many. With the possibility of the trade war getting resolved and the hope that the Fed will have fewer rate cuts in