Bank of America - Follow up on already great bull run?

hace 5 días

Hi guys, today we are starting with an overview of Bank of America.

Fundamentals :

Bank of America is positioned for a strong financial year in 2025 due to several factors: anticipated economic growth, Fed interest rate cuts stimulating loan demand, and significant growth in net interest income from well-managed portfolios. The bank expects a boost in investment banking and trading revenues, supported by regulatory changes and market activity. Additionally, technological innovation and a shift toward an "asset-light" economy are seen as long-term growth drivers. Positive analyst outlooks further reinforce confidence in its prospects for the year.

Technicals : Currently from 2023 until and through 2024 , BAC has had a fantastic ascending year, with good revenue which showcased a great Ascending channel formulating. Currently I want the gap which was a strong resistance to be tested again, so we can move forward to the higher levels.

Entry: 44.50
Target 55.60

As always my friends happy trading!

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