In this second article of my series analyzing the growth drivers for banks like Bank of America Corporation (BAC), we'll analyze the two key divisions and the growth numbers needed from those divisions to outperform in Q3. More importantly, we'll also analyze how those numbers will set the stage for growth well into 2018, given the economic backdrop and the Fed's monetary policy of rate hikes and balance sheet tapering.
Given the makeup of Bank of America, the bank is positioning itself for higher revenue going into Q4 and next year.
Outlined below are the two key areas to drive revenue as the economy grows:
