The focus is back on bank stocks after the Federal Reserve suggested that the market has underpriced the possibility of a March rate hike.
Bank of America (BAC) and Wells Fargo (WFC) are two stocks which demand investor interest.
Bank of America is a $255-billion lender that’s delivered solid returns over the past year. Shares are up 93%, out-performing rivals like JP Morgan (JPM) (58%) or Citigroup (C) (49%).
This outperformance is primarily driven by a wave of optimism surrounding the U.S. economy. Bank of America, with its huge presence in retail and commercial lending, could massively benefit from this movement.
