 The financial sector has been one of the hardest-hit parts of the stock market since the COVID-19 pandemic sent the stock market plunging into a bear market earlier this year. With that in mind, heres a quick overview of just how cheap Bank of America has become, why the stock has done so poorly, and why it might be a good bank stock to buy now. After the stock markets sharp rebound since hitting its lows in March, the SP; 500 index is just 4 lower than where it started 2020. 