Event JSON
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"Is Bank of America Stock a Buy Now?"
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"Bank of America is the second-largest US bank by assets and has a strong consumer business, which has been boosted by high interest rates. The company has added 1.1 million new consumer checking accounts and 4 million credit cards, and its global wealth segment is also performing well. The bank's commercial banking segment is also growing, with investment banking fees increasing 31% in 2024. The company's CEO, Brian Moynihan, attributes the growth to organic growth and the company's focus on the deposit business. Bank of America is a well-run company that doesn't need to pump more money into the business to boost profit, making it a good investment opportunity."
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