Bank of America (BAC) - A Must Buy Here
Bank of America (NYSE: BAC) shares dropped significantly after its EPS report a couple weeks ago. Bank of America and its peers were harmed by an unexpected drop in interest rates that has squeezed their net interest margins. Central bank easing outside the United States has weakened foreign currencies against the dollar. Turmoil overseas has also driven capital to the safe haven store in U.S. treasuries. So interest rates have come down, and the margins of the banks have been squeezed as a result. Click to see the Bank of America (BAC) Report.
DISCLOSURE: Kaminis is long BAC. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
DISCLOSURE: Kaminis is long BAC. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Labels: BAC, INDUSTRY-Banking, SECTOR-Financial, Stocks, Stocks-2015-Q1
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