Bank of America (NYSE: BAC) is one of the largest banks in the world, operating in the U.S. and more than 35 countries worldwide. By market cap, it’s the second-most valuable bank in the world, trailing only JPMorgan Chase. In the past five years, Bank of America has outperformed the S&P 500, with total returns close to 125% in that span, compared to the index’s 112% (through Sept. 12).
Even with Bank of America’s market-beating returns over the past five years, the next five years could continue the same momentum. The reason comes down to one factor: its consumer investment business.