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The banking giant reported impressive second-quarter results and an even more optimistic forecast.
Bank of America (BAC -0.20%) has performed extremely well since bottoming out in late 2023, as investor sentiment has certainly shifted when it comes to the banking industry. In this short video, I'll give a rundown of the bank's latest numbers and explain why it could still be worth a look for long-term investors.
*Stock prices used were the morning prices of July 18, 2024. The video was published on July 19, 2024.
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Matt Frankel has positions in Bank of America. The Motley Fool has positions in and recommends Bank of America. 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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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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