Bank of America calls this stock one of the most compelling risk/reward picks

Exclusively for CNBC Pro Subscribers: See which stock is set up to withstand the potential recession

VIEW IN BROWSER | SUBSCRIBE MY ACCOUNT Bank of America Calls this Stock the 'Most Compelling' to Own This year's stock sell-off hasn't spared banks, with the KBW Bank Index down more than 20%, roughly in line with the decline of the broader S&P 500.   Shares of big American banks have dropped despite rising interest rates, which help them boost the profitability of their core lending activities. That's because investors are now concerned that a recession is on the horizon, which would lead to rising defaults as borrowers struggle to repay loans.   Subscribe to read the latest from CNBC Pro and see which stock Bank of America calls "one of the most compelling risk/reward" picks among big U.S. lenders. Subscribe Now Here are more of today's top stories, exclusive for CNBC Pro subscribers!   These ETFs could outperform as the Fed drives rates even higher WED, JUNE 15 2022   Goldman loves this 'transformational' sector ⁠— which is down over 50% in the past year THU, JUNE 16 2022   Here are Thursday's biggest analyst calls: Boeing, Dollar General, FedEx, Apple, Amazon, Uber & more THU, JUNE 16 2022   There's no bottom in sight yet, says top chart analyst as the Dow breaks below 30,000 THU, JUNE 16 2022   Bank of America calls this stock one of the 'most compelling' big lenders to own THU, JUNE 16 2022   Goldman says Beijing is stepping up support for businesses — and names stocks that will get a boost THU, JUNE 16 2022 Like getting these emails?  Subscribe to CNBC Pro today and get access to unlimited Pro articles, access to Pro live events, stock tips, and money-making investment ideas. CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. Learn More. Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS