Seeking Alpha's Bullish Bank Pick with Strong Q2 Earnings

Seeking Alpha's latest stock pick for mid-August is here. Following the healthcare selection earlier this month, they've now chosen a bank stock: $BAC Bank of America. Here's a brief summary of the reasons to buy: Bank of America is a leading integrated financial giant in the U.S. Q2 revenue increased 15% year-over-year, and EPS rose 34% year-over-year, with double-digit profit growth across all four business segments. Global markets trading revenue has grown year-over-year for 17 consecutive quarters. If the Federal Reserve maintains high interest rates, net interest income is expected to rise further. The forward PEG and price-to-cash-flow ratios trade at a discount relative to the industry. The forward dividend yield is 1.98%, supported by robust cash flow and a sufficient dividend safety cushion. This stock selection indicates a shift toward a defensive stance. For those who need an SA membership, here is a link for a 30% discount: Seeking Alpha Premium: https://link.seekingalpha.com/4CMF46B/4G6SHH/ Seeking Alpha Alpha Picks: https://link.seekingalpha.com/4CMF46B/4HKP84/