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Benzinga
Benzinga
Business
Adam Eckert

Why This Investor Bought Bank of America Stock

Bank of America Jason Snipe NYSE

The financials have come under significant pressure amid impending rate hikes and increasing geopolitical tensions. With Bank Of America Corp (NYSE:BAC) shares down more than 15% over the last month, Odyssey Capital's Jason Snipe decided to buy in.

"We've been talking about the tightening cycle for a long time, we're finally here," Snipe said Friday on CNBC's "Fast Money Halftime Report."

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