The share price of Bank of America (BAC) has been stuck in a narrow range since the past six months despite the overall rally in the stock market. I expect the stock to resume its rally again, in tune with the rest of the market. In other words, the stock is a good investment bet for long-term investors amid the current ranged price movement.
Since there are no serious macro headwinds apparently visible on the horizon, Bank of America is one of my favorite financial stocks. In this article, I will analyze the BAC bull story.
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