Here Are The Most Attractive Stocks To Buy-BAC

  Here Are The Most Attractive Stocks To Buy-BAC This company is not only a market leader at the moment, but a top value.   The most fun is when you're looking for a new stock to add to your portfolio, doing research in the hopes of finding that needle in a haystack that will yield big returns. In this case, the obvious choice for that pin is Bank of America BAC (NYSE) $40,37 0,00 (%0,00) That's why the next stock to buy is Bank of America.

A market leader with great income diversity

One of the most important things to look for as an investor is to be either the market leader or a company that has a tremendous competitive advantage that could one day make it a market leader. Bank of America is the country's second largest bank with $3 trillion in assets, well ahead of its biggest rivals Citigroup and Wells Fargo. Like its primary competitor, JPMorgan Chase, Bank of America has a variety of revenue streams, all of which are among the market leaders. In consumer banking and Global wealth and investment management, it is a leader in global banking and a company that also generates large income from its Corporate trading and research business. In 2020, which was an extremely difficult year for banks, the stock fell only 11%, better than most of its peers, with the exception of JPMorgan Chase JPM (NYSE) $154,72 0,00 (%0,00)

Here Are The Most Attractive Stocks To Buy-BAC

  So, while consumer banking and wealth management declined, global markets rose as investment banking remained firm and volatile markets led to increased trading activity. This year, Bank of America has seen the opposite happen. But revenue diversity allows Bank of America to manage the ups and downs of the market better than most of its peers. The same thing happened again for JPMorgan Chase.

Built for the long haul

Bank of America closed Monday at $41,29 per share, with a fair P/E ratio of 13,8 and a P/TBV ratio of 1,9. Also, JPMorgan Chase is another excellent bank stock at a good valuation, a sure-fire stock to buy. While the two have similar growth prospects for investors, Bank of America is thought to have the upper hand in one important factor. As mentioned above, income diversification is a competitive advantage in itself, but what sets Bank of America apart is its leadership position in digital banking. Digital Banking appears to have placed Bank of America in a great position to continue its leadership position in the future. But the long-term returns of this stock are more important than its short-term returns.  

Source: The Motley Fool

 

You may also be interested in:

 

Onlyfans announced that “Sexually explicit behavior” will be prohibited