BAC - This Bank Stock Beat the S&P 500 in the First Half of 2024. Is It Still a Buy?
2024-07-14 06:00:00 ET
One of America's largest financial institutions is on a hot streak on Wall Street. Shares of Bank of America (NYSE: BAC) returned an impressive 18% between January and June, exceeding the S&P 500 's 15% return.
The megabank is a household name and the second-largest holding in the portfolio of investing legend Warren Buffett. It shows that great stock ideas don't necessarily need to come out of nowhere.
But the timing of when you buy a stock can matter a lot, so it's fair to question whether Bank of America still has strong return potential over the latter half of 2024.
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This Bank Stock Beat the S&P 500 in the First Half of 2024. Is It Still a Buy?