Sitting on a Pile of Cash? BofA is a Buy in Here

$BAC Bank of America: This leading bank’s stock has been hammered 33% YTD. Bank of America Corp. (NYSE:BAC) has a huge presence in the US, providing various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations and governments in the United States and internationally. It operates some 5,100 […]

Bank of America Overpriced For Many Reasons

Bank of America Overpriced For Many Reasons

The US dollar is the worst performing G10 currency this year, down 8% versus its major peers. But it’s still expensive relative to its history, according to Bank of America Merrill Lynch. The currency remains overvalued by about 10 percent compared with its long-term equilibrium and about 12 percent above its 20-year average in real effective term. The […]