Bank of America: A Buy On NII Forecast
BACBank of America(BAC) Seeking Alpha·2024-07-22 18:52
ProArtWorkLast week we saw better-than-expected results from banks including Bank of America Corporation (NYSE:BAC) which, besides beating profit estimates, is forecasting growth in its net interest income, despite projecting that the central bank would lower interest rates three times in 2024. I think that Bank of America continues to make a robust value proposition here, particularly because of its net interest income forecast, and the U.S. economy is also doing quite well right now, with receding inf ...