
Earnings Growth & Price Strength Make Bank of America (BAC) a Stock to Watch
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Related Stocks:BAC
Bank of America Corporation (ticker: BAC) is earning serious investor attention thanks to a powerful mix of earnings growth and strong price momentum. Since being added to the Zacks Investment Research Focus List on January 9, 2017 at roughly $22.68 per share, shares have surged more than 130 %.
Analysts now anticipate earnings growth of about 12.2 % for the current fiscal year, with BAC delivering consistent upward estimate revisions and surprising positively on earnings. Added to this is technical strength: BAC is trading near 12‑month highs, and bullish sentiment is building.
Still, the bank isn’t without headwinds. Growth will depend on net interest income momentum, regulatory factors and macroeconomic conditions—factors investors should watch closely. With fundamentals plus momentum in its favor, BAC may be a compelling watchlist pick for those seeking bank‑sector exposure.
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