The mega-bank has taken a hit, but could it actually be a winner in the current economic climate?
Bank of America (BAC 3.35%) 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.
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Matthew Frankel, CFP® has positions in Bank of America. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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