Is This the Right Time to Buy Bank of America (BAC) Stock?

Bank of America (BAC) , one of the largest banks in the country, seems to have regained investors’ confidence. After just a 1.6% gain last year, the stock has jumped 16.5% in 2024. It has also outperformed the industry and the S&P 500 Index’s growth of 10.8% and 14.1%, respectively.Last year, the banking industry was marred by high interest rates, a slowdown in loan demand, a rise in funding costs, prospects of recession and weakening asset quality. Further, the regional banking crisis in early March led to ...