U.S. Markets closed

Can Bank of America Outperform Its Peers in 2018?

Robert Karr
Can Bank of America Outperform Its Peers in 2018?

Bank of America (BAC) has commanded high growth in 2018 compared to its peers (XLF). This growth was aided by credit growth, trading activity, investment banking, and wealth management spread. JPMorgan Chase (JPM) has also reported strong credit growth in recent years due to a strong brand presence and retail growth. Citigroup (C) has also improved its performance by focusing on core banking offerings and disposing of legacy assets.