How to Approach Bank of America Stock as Interest Rates Decline?

Key Takeaways Fed rate cuts may slow BAC's NII growth, but lending and lower funding costs should offer support.Branch expansion, tech upgrades and a $40B buyback plan strengthen BAC's growth foundation.Rising provisions and charge-offs weigh on asset quality, but BAC trades at a discount to peers.Bank of America (BAC) is one of the most interest rate-sensitive U.S. banks. As the Federal Reserve lowered interest rates by 25 basis points (bps) in September on the softening labor market and hinted at two more ...