Bank of America – Why A Greek Fix Fast-Tracks BAC to $18

Obviously, Greece does not have a significant direct tie to Bank of America (NYSE: BAC), but in my view the future of the euro does matter a great deal to BofA’s operational performance. It’s not an easy read, but for the discerning analyst you can see how a solidified euro-zone can help the dollar lower against the euro and help U.S. interest rates move higher. That is what matters to Bank of America’s profit margin and so a favorable resolution to the Greek issue can drive its stock upward to $18 quickly in my opinion. See the report on Bank of America. Report also interests Citigroup (NYSE: C), J.P. Morgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), Morgan Stanley (NYSE: MS).

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.