Bank of America (BAC): Hold or Fold? A Deep Dive into the Current Situation
Bank of America (BAC): Hold or Fold? A Deep Dive into the Current Situation Hey friend, let’s talk Bank of America (BAC). The recent news about interest rates and the overall economic climate has some people wondering if it’s still a good investment. So, I dug into the details, and here’s the lowdown. The Good News: BAC is benefiting from higher-for-longer interest rates. Their net interest income (NII) – basically, the profit they make from lending – is expected to…