The Foolish bottom line
Improvements in Bank of America's underlying credit quality have also led the way for higher quality earnings, which could justify higher valuations in the future.
With a nasty litigation and settlement chapter finally closed, investors can now look forward to higher earnings and higher valuation multiples for Bank of America.
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The article Why the Worst Is Over for Bank of America originally appeared on Fool.com.
Kingkarn Amjaroen owns shares of Bank of America. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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