Tag: bank of america

The Fed To Drive Bank Stocks Like Bank Of America

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The Fed To Drive Bank Stocks Like Bank Of America

Historically, as yields have risen, so too have bank stocks. We’re already seeing moves higher in financials as a result of anticipation of a Fed rate hike. However, it’s the balance sheet reduction that’ll likely drive banks higher in the medium to long-term. Please click on this link for the full article.    

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Bank Of America: Why You Can Bank On $29

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Bank Of America: Why You Can Bank On $29

Bank of America has rallied in September, and bullish momentum is building in the stock. The long-term charts show that BofA might be following a similar trading pattern that played out in Q4 of last year. By analyzing the long-term charts, we can get a better sense of the trend and whether there’s sustaining momentum […]

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The Treasury Yield Values That Could Push Bank Of America To $35

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The Treasury Yield Values That Could Push Bank Of America To $35

With the recent fall in yields, banks have retraced somewhat in the short-term. Historically, yields have translated to higher bank stock prices against a backdrop of solid economic growth. In this article, we’ll show where yields have typically traded as compared to Bank of America’s stock price and that the long-term prospects look good. For […]

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