I am very excited to discuss a few very interesting things in this article that have made Bank of America (BAC) a rock solid outperformer over the last few months. A few tailwinds that I have discussed are currently unfolding and massively boosting America's second biggest bank.
Source: Bank of America
The Bottom Line
One of the things, if not the most important thing, I always mention in my articles about Bank of America is inflation and rising rates. Rising rates have probably been one of the most underestimated trends since the Great Financial Recession.
On the 14th of December I mentioned the following outlook in my article:
