Bank of America's (BAC) stock has taken a significant hit so far in 2020 due mainly to COVID-19 concerns (and the deteriorating interest rate environment). BAC shares have underperformed the broader market by almost 20 percentage points on a year-to-date basis.

Investors should definitely be concerned about lower rates and the potential economic impact of the recent health scare but, in my opinion, this pullback will eventually turn out to be a great long-term buying opportunity. To this point, I believe that shareholders of this large financial institution should use the current dip as an opportunity to add to their BAC positions.

READ FULL ARTICLE HERE