Bank Of America: Digital Delusions

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About: Bank of America Corporation (BAC)
by: FIG Ideas
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FIG Ideas
Long-term horizon, long/short equity, long only
Summary

BAC's core operations are healthy but growing only slowly.

Digital banking progress has been impressive but has not translated into bottom line dynamism.

I am skeptical that medium to long term operating margins at BAC will expand strongly due to its digital strategy. Here it is a play on rates.

My recent article on Bank of America (BAC) met with a healthy level of criticism. In this article I explore some of the issues raised.

What did the previous article say?

The thrust