On Monday, April 9th, Keifer Rawlings pitched Bank of America (NYSE: BAC) to add to the Financials Sector holdings. Bank of America is one of the United States’ largest banks by assets. It operates one of the country’s most extensive branch networks with around 4,600 locations and 16,000 ATMs. Keifer believes that with increasing interest rates and tax cut benefits, BAC will see a solid increase in revenue and earnings growth. The corporation’s management will also be looking to move towards a higher dividend payout ratio. Keifer ended his investment thesis by stating that BAC’s management is moving the firm in the right direction and staying ahead of industry trends, such as a move towards electronic banking, moderate loan growth, and further fee-income expansion. Keifer proposed to purchase 525 shares of BAC and sell 575 shares of XLF; the motion passed unanimously.