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kirilspiridonov

Cash it with BAC

Long
Bank of America (NYSE:BAC)  
kirilspiridonov  
NYSE:BAC   Bank of America
Support and Resistance Beyond Technical Analysis Fundamental Analysis BANK banks signals signal fed federalreserve interestrates interestratehike
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supportandresistance beyondta fundamental bank banks signals signal fed federalreserve interestrates interestratehike
  • With interest rates rising — and deposit rates staying at low levels — the company has been able to generate substantial profits
  • Net income jumped by 33% to $6.8 billion in the last quarter
  • "Yet it seems like a good bet that the momentum will continue. The Federal Reserve has indicated there will be two rate increases this year and another three in 2019"
  • Target price according to fundamentals - $34.57 per share
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