Jim Cramer: BofA’s Deposit Base Powering Profits
Bank of America posted an impressive quarter even without rate hikes, said Jim Cramer.
Bank of America (BAC) - Get Report posted an impressive first quarter considering the lack of rate hikes from the Federal Reserve, said TheStreet's Jim Cramer. He said Bank of America's valuation and massive deposit base make it an important financial stocks to own.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
