Bank of America: Building Sustainable Value For Shareholders


  • Bank of America stock has outperformed the S&P 500 by two times since mid-August 2023 when my initial bullish thesis was published.
  • The bank’s consolidated revenue and EPS stagnate, but the situation does not look bad when we look at the segments level.
  • The Consumer and Global Banking segments are struggling due to temporary headwinds caused by high interest rates.
  • On the other hand, the other two segments are demonstrating positive dynamics, adding to my optimism.
  • The bank continues driving organic growth to expand its operations, which is vital to maximize its cross-selling potential.

Bank of America Bank and Loan Branch. Bank of America is also known as BofA or BAC.


Investment thesis

My initial bullish thesis about Bank of America (NYSE:BAC) aged well because the stock outperformed S&P 500 by around two times since mid-August 2023. A lot of developments happened over the last ten months, and today

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BAC either through stock ownership, options, or other derivatives. 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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