Bank of America Is Much Better Prepared for a Disaster Than Before the Great Recession. Here's Why

Many investors vividly remember some of the darkest days of the Great Recession. Additionally, the collapse of Silicon Valley Bank a few years ago sent ripples through the industry.That said, investors tend to hit the sell button on bank stocks when economic stress starts to emerge because of their vulnerability to a brosder slowdown. That's already begun to happen this year, but it's clear that Bank of America (NYSE: BAC) and its other large bank peers are in a much better position than they were heading into the Great Recession. Here's why.While JPMorgan Chase's Chief Executive Officer Jamie Dimon grabs a lot of the headlines in bank land, Bank of America CEO Brian Moynihan was also around during the Great Recession and saw what it did to the industry. Moynihan became CEO in 2010, and many have lauded him for his conservative growth strategy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool