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Did You Miss Out by Overlooking Bank of America Stock?

Andrew Brunton
Did You Miss Out by Overlooking Bank of America Stock?

With a YTD (year-to-date) return of ~5%, Bank of America (or BofA) (BAC) is currently the second-best-performing stock among the five largest US banks on the basis of market capitalization. BofA has also outperformed the Financial Select Sector SPDR ETF (XLF), which tracks an index of S&P 500 financial stocks. It has gained a mere 1.3% YTD.