Can Bank of America Generate Alpha for Investors in 2018?
Banks and asset managers (XLF) had a great run in 2017 due to a rise in broad markets, allowing them to generate a higher base and performance fees. Overall, the economy and corporates are expected to continue on a growth trajectory helped by global demand and lower unemployment rates. Among major bankers, Bank of America (BAC) is managing $2.8 trillion in asset management offerings as of December 31, 2017—a rise of 10% on a YoY basis.