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Bank of America vs. Wells Fargo vs. JPMorgan Chase: Which Should You Buy?

Investors may be able to once again find value in large bank stocks after the sector has sold off this year, mainly due to fears of a recession hitting sometime later this year or in 2023. Bank of America (NYSE: BAC), the second-largest bank in the country, received a lot of attention after Warren Buffett and his company Berkshire Hathaway plowed $2 billion into the stock during the early months of the pandemic while they were selling other large bank stocks. The big thing Bank of America has going is its extreme sensitivity to rising interest rates, which tremendously benefits the bank’s net interest income (NII), or the money the bank makes on loans, securities, and cash after covering the cost to fund those assets.