Bank Of America: THIS Is What Matters – Bank of America Corporation (NYSE:BAC)

You may recall that I recently discussed why Bank of America (NYSE:BAC) was one of my top blue chip top picks for 2017. So, that tells you what camp I am in on this name which is becoming debated heavily once again. Here is my take in a nutshell. The reasons I like the name extend beyond just rising interest rates, but actually reflects many other fundamental improvements, which is evidenced by recent performance. That is what matters. Performance. We need data and evidence to support the bull case. However, the same data can be used in the bear case. Some think it is overvalued. Some think it is fairly priced. And some think is it going higher, like I do. In just the past three week alone there have been a number of solid pieces describing each of these cases, on average on every other day:

Bank Of America – Why I See 11% In One Month Possible Here by Markos Kaminis

Bank Of America: These Declines Will Be Temporary by Dividend Investors

Bank Of America – Buckle Up by Leo Nelissen

Retirement Strategy: Now Is Not The Time To Bury Your Head In The Sand by Regarded Solutions (good to see you writing again Alan)

Bank Of America Is Overvalued – Really? By Damon Verial

Bank Of America: Is This The Beginning Of A Crash? By Achilles Research

Bank Of America: Major Positive Catalyst Looms by David Alton Clark

Bank Of America: There Is Better Value Elsewhere by Labutes IR

Bank Of America Is Just Getting Started by Nicholas P. Cheer

Bank Of America – Sell by Leo Nelissen

This Bank Stock Is Poised For Another Leg Higher by Markos Kaminis

Bank Of America: The Party Has Only Just Begun by David Alton Clark

Clearly the bulls outnumber the bears in terms of the opinionmakers over the last couple weeks. I invite you to read and review each of these pieces to help crowdsource your own opinion formation. While all of the points raised across these articles contribute meaningfully to the discussion, what really matters is performance, and expectations. When performance is high and…

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