Bank of America stock Fundamental analysis (Bank of America stock price target)
The shares of Bank of America are going to rise very fast. Bank of America is fundamentally a very string company. Looking at the results of this company, this company is gaining very high value quarter on quarter and year on year. This company is a profitable company. As per the fundamentals of this company the share price of this company is very low. The stock of this company is undervalued. Hence this stock is going to rise very fast.
This bank has 4 businesses
- Consumer banking
- Wealth and investment management
- Corporate banking service
- Global markets and Trading
Bank of America’s robust fundamentals and diversified business model position it as a leading choice in the banking sector. Despite external challenges, its emphasis on innovation, operational efficiency, and strategic growth ensures long-term value for shareholders.
Bank of America Technical Analysis (Bank of America stock price target)
Bank of America stock is going to breakout very soon. Bank of America share has already hit a high of 55.34$, as soon as this stock crosses its all time high it will move towards the target of 83$. It has hit a low of 2.8$ in 2008. This stock had hit an all time high of 55.34$ in 2008 itself and it has not broken out of that price till date. As per the stock chart, this stock is giving signal of crossing 55.34$. The target for this stock is 83$.
Hedge funds trading strategy in Bank of America stock (Bank of America stock price target)
Bank of America shares will see a huge rise in the next 1-2 years. You must know about Lehman brothers crash. Lehman brothers crash was a strategy of hedge funds to book profits from their investments. From 2002 to 2008, there had been a huge rise in the market. All the hedge funds had got high returns on their money and they had to book profits on their investments. All the big hedge fund managements of the world together created a strategy to trap retail investors. At that time, home loan mortgage crisis was also about to come.
All hedge funds knew this, so they started selling all the stocks they had in their deliveries in the market. And after booking profits by selling shares in the delivery, they started taking aggressive short positions in the market.Hedge funds trapped retail investors by taking aggressive short positions. That crisis spread to the whole world. There was a huge crash in all stock markets across the world. Retail investors suffered the most losses in the 2008 crisis.
Hedge funds also dragged the Bank of America shares down badly in the 2008 crash. After that, the share fell from its high price of $55.34 to $2.8. Retail investors started selling their shares at the bottom price of $2.8 because then the retail investors felt that the banks would be ruined. But at that time, hedge funds knew that the fundamentals of Bank of America were very strong, so nothing would happen to these banks.
Hedge funds started selling Bank of America at a price of $2.8. When this share crosses $55.34, then the hedge funds will start taking aggressive long position in the future contracts of this share. And they will start selling this share by taking it up 50% from its old high of 55.34$. As soon as Bank of America stock reaches the price of 83, everyone in the news media and newspapers will advise to buy Bank of America.
Hedge funds will gradually start selling this share around 83$. Good news about this stock will be told in the news media. Whenever a hedge fund has to exit from any share, then only they spread good news about that stock in the media and sell that stock to retailers. And whenever a stock is undervalued, the hedge fund buys that stock from retail investors by spreading bad news about that stock in the media.
Conclusion
Bank of America stock price target is 83$.Even if any company is financially strong and profitable, hedge funds take the stock of that company up by 50% and then bring it down by 50% and then make huge profits.