Bank Of America: Stick With This Bank In 2020

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About: Bank of America Corporation (BAC)
by: WG Investment Research
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Summary

Bank of America's stock outperformed the broader market by a wide margin in 2019.

The investment community is concerned about how the interest rate environment will negatively impact the banks in 2020 but, in my opinion, the concern is overblown.

I plan to stay overweight Bank of America through at least 2020.

Bank of America's (BAC) stock performed well in 2019, as BAC shares finished the year higher by over 40%. In addition, BofA's stock outperformed the broader market by over 14 percentage points.

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