Bank of America (BAC -0.38%) stock is down by about 40% from its recent highs, and to be fair, there are some good reasons for that. However, as Matt Frankel, CFP®, explains in this video clip, there's a lot to like about Bank of America, especially while it's trading for a discount.

**Stock prices mentioned are as of Oct. 3, 2022 morning. This video was published on Oct. 3, 2022.