This investorplace.com article.
A couple of weeks ago, I wrote about the fundamental problems that are weighing down Bank of America (BAC) stock. The biggest issue is that banks continue to suffer from compressed net interest margins (NIMs) in such a low-interest rate environment.
Low margins mean little room to grow profits, which is the primary consideration for any long-term investor. However, if BAC’s NIM and earnings have stagnated, one would expect the share price to do the same.
Piggybankblog Courtroom Bailiff: “All rise! .The Honorable Judge John Wright has left the Courtroom of Public Opinion!”