Jeff Auxier Comments on Bank of America

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May 07, 2018

Bank of America (NYSE:BAC)

At the end of 2017, Bank of America had total loans and leases of $936B and total deposits of $1.3T. Given the large low-cost deposit base there is considerable positive leverage in a rising interest rate environment.

From Jeff Auxier (Trades, Portfolio)'s first-quarter 2018 shareholder letter.