StrongBull777

Bank of America D1. Good perspective

Long
NYSE:BAC   Bank of America
Bank of America stocks collapsed, as did the entire stock market. But in the near future, the banking sector will be of great relevance. The quarantine period stopped most of the business, creating a crisis situation. Banks also suffered from this, having lost a large cash turnover. At present, the economy is beginning to slowly revive and business is restoring its activity, which will lead to increased activity of the banking system. Also, many businessmen will be forced to take loans, because not every business has been able to withstand the quarantine period financially, and it needs a financial incentive. This situation will increase the profitability of banks and will stimulate bank shares to grow. Bank of America is one of the largest US banks and one that sets the trends in the banking system of the whole world. He has great prospects in the near future.
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