Like many insitutions during pandemic, BAC was searching for yields for its debts portfolio, and accumlated a lot of long duration debts, primarily government long bond. They were doing this during the raising cycle, probably becuase they think the fed would stop sooner or cut sooner.
Therefore, it has much larger unrealized lose in their bond portfolio.
It may struggle a little big more than other mega banks if fed keeps push out cut.
However, for the same reason, if everything else equal, it may do quite well, during the cutting cycle, which eventually will happen. Their unrealized loss will recovery disproportionately vs. other mega banks. When i said everyting equal, meaning no recession during the cutting cyle.
BTW, some said, their bond portfolio' duration is roughly 8 years.
最后,这里不推荐股票。