Yields Signal Correction For Bank of America

Filed in Bank Stock Analysis by on • views: 7352

Bank stocks are rising on the expectation of cuts in regulations and higher interest rates. Bank of America is trading like the 10-year Treasury yield of over 2.6%. Either Treasury yields must rise or Bank of America stock price must correct lower. In this article, we analyze how BofA stock has been impacted by the 10-year yield and why sustaining momentum for yields is necessary to justify the valuations of the current price of BofA stock.  For the entire article, please click on the image below.

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