Bank Of America: Can The Rally Continue?

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About: Bank of America Corporation (BAC), Includes: C, GS, JPM, SPY, XLF
by: Richard Cox
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Richard Cox
Newsletter provider, portfolio strategy
Summary

The banking sector has traded under pressure for almost all of 2018.

Recent moves in Bank of America may appear volatile in the short term, but these moves look much less extreme from the perspective of longer-term time horizons.

A strong Q2 earnings report has failed to generate much upside in BAC and this complicates the outlook for those long the stock.

Options strategies offer a better way to capture Bank of America’s 1.92% dividend yield while avoiding the stagnation of sideways market moves.

Source

The banking sector has traded under pressure for almost all of 2018, and strong earnings numbers from Bank of America Corp. (BAC) have done little to alter that trend. The stock has