Bank of America Stock: Buy, Sell, or Hold?
Bank of America(BAC) The Motley Fool·2024-04-28 07:25
The bank stock has gained 44% since the beginning of November. Is it time to sell?Since last November, Bank of America (BAC -0.21%) stock has gone on a tear, gaining nearly 44%. Bank stocks have benefited from the Federal Reserve pausing its interest rate-hiking campaign. However, inflationary pressures remain sticky, pushing back interest rate cut expectations for 2024.Given this evolving backdrop, does Bank of America deserve a spot in your portfolio?Bank of America is sensitive to changes in interest rat ...