Bank of America Could Reap the Rewards of Higher Interest Rates

July 6, 2022

Trending News🌥️

Jerome Powell, Chair of the Federal Reserve, recently testified to Congress that the Fed is committed to fighting inflation with higher future interest rates. This news comes on the heels of a 75 basis point interest rate hike, the largest increase since 1994. Powell suggested that another 75-point hike is possible as soon as July. In the short term, higher interest rates may cause some market volatility as investors adjust to the new reality. Time will tell how Bank of America ($NYSE:BAC) will fare in the new interest rate environment, but investors should keep a close eye on the stock in the coming months.

VI Analysis

Companies with strong fundamentals tend to have long-term potential. The VI app makes it easy to analyze a company’s fundamentals. The intrinsic value of BANK OF AMERICA shares is around $36.5, as calculated by the VI Line. BANK OF AMERICA stock is currently traded at $31.2, making it a fair price that is undervalued by 15%.


It is difficult to predict the future of this stock, but investors should keep an eye on it.

Recent Posts

Leave a Comment