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Bank Of America: Just Stay On The Train

December 4, 2017

Summary Points

*This bank has come a long way since 2010, and it still has a great story to tell.

*BAC reported strong Q3 2017 results and the bank is well-positioned for 2018 and beyond.

*BAC shares are a long-term buy at today's price.

 

Bank of America ($BAC) shares have greatly outperformed the broader market since Mr. Donald J. Trump was elected to be President, as BAC shares have increased in value by 70% while the S&P 500 is up only 25%.


BAC shareholders have rode the Trump train to impressive gains since November 2016 but, in my opinion, this bank still has a great story to tell as we progress toward 2018. As such, I believe that investors should stay on the train, because BAC's long-term story is still intact and it is actually getting better with time.

 

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