Investors have been closely monitoring the second-quarter earnings to see how the banking sector has fared in its attempts to recover from a period of turmoil caused by the failure of three large regional banks.
Last month, the Federal Reserve announced that all 23 banks included in the annual stress test weathered a severe recession scenario while continuing to lend to customers and corporations. In this piece, I have discussed why waiting for a better entry point in Bank of America Corporation (BAC) could be prudent.
