How to Play BAC Stock Ahead of U.S. Presidential Poll and Rate Cuts?
Bank of America(BAC) ZACKS·2024-11-04 22:06
Amid the closely fought U.S. presidential election and another imminent interest rate cut by the Federal Reserve, investors are trying to gauge how the stock markets will react. Against this backdrop, Bank of America (BAC) stock is gaining investors’ interest.History has shown that equity markets tend to perform well during election years. Presidential polls will result in heightened near-term market volatility, which will likely support BAC’s trading revenues. The company has been recording a steady rise i ...