Bank of America: Don't Be Fooled Into Getting Out This Early

Brandon Bell Bank of America Corporation (NYSE:BAC) or BofA investors received a delightful early Christmas gift from Santa, as BAC has significantly outperformed the S&P 500 (SPX) (SPY) since my previous update in September 2023. I urged investors to capitalize on the implied pessimism in BAC's valuation, as those attractive levels "might be gone if investors waited." Accordingly, BAC notched a total gain of nearly 38% from its late October lows through last week's highs. As a result, investors who leverag ...