Scott Mlyn | CNBC

(This story is for CNBC Pro subscribers only).

The end of October represents a key tax deadline for institutional investors and an opportunity to buy some of the year’s worst-performing stocks, according to a new note from Bank of America.

The trading opportunity is created by tax loss harvesting, which is the process of selling stock holdings that have struggled during a calendar year, allowing the losses to be realized and used to offset gains in other investments or income.

Originally published at CNBC

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