Summary
Bank of America reported an excellent quarter despite falling yield curve.
Strong capital return program should produce solid shareholder returns.
Bank of America trades at an attractive valuation relative to the market.
Source: Google
Bank of America (BAC) just reported an excellent second quarter. Additionally, it recently announced an approved capital return program for shareholders that is quite attractive. As a long-term Bank of America shareholder, I believe continuing to hold shares at these levels makes sense. Strong fundamentals and a continued economic expansion should provide positive share price appreciation.
