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NEWS

BAC- Looks like another modest week for Bank of America; what to expect come Monday?

October 14, 2016

 

 

BAC has its big competitors, yet they have struggled to face there opponents with big numbers. However, it looks like BAC is finally picking up the pace. With its Q3 books ahead for Monday, analysts of BAC are particularly optimist.

 

The net-interest margin is still a little shady; being demolished by low interest rates that seem to perpetuate the norm. Although the Federal Reserve decided to hold off on hiking up the rates, banks such as BAC have faced the downside of these ultra-low interest rates.

 

It is quite safe to assume that if the federal Reserve decided to aggressively hike up the interest rates, then there is more hope for the big banks than the overall market, particularly BAC, JPM, WFC, etc.

 

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