Bank Of America: Best To Be Avoided In 2023


  • Bank of America reported 4Q-22 earnings which beats expectations by 11%.
  • Bank of America’s CEO is warning of a shallow recession.
  • Rise in credit losses is a major concern.

Bank of America Plaza


Bank of America Corporation (NYSE:BAC) released its 4Q-22 earnings report last week, and the bank outperformed expectations by a wide margin.

Having said that, credit quality is deteriorating, and the CEO’s comments about a “mild” recession are concerning.

Earnings Calls

Earnings Calls (Bank Of America)

Provision For Credit Losses

Provision For Credit Losses (Bank Of America)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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