Seeking Alpha: Bank Of America's Core Ops Showing Some Progress

The long road back for the U.S. money-center banks hasn't flattened out a bit. Absent higher rates, Bank Of America (NYSE:BAC) is going to have its work cut out growing net assets as it works down its run-off portfolio, but core expenses are coming down and if those rates to move up this bank should be ready. Declining litigation risk ought to help sentiment and economic growth should be good for loan growth, but I do have some concerns that trimming expenses could make the bank more vulnerable to market share losses to harder-charging rivals.

Bank of America was one of the stronger performers among the large banks over the past year but there's still enough potential here to merit a closer look, particularly for investors who believe that interest rates will rise higher and/or faster than the Street expects.

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Bank Of America's Core Ops Showing Some Progress