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Tuesday, July 18, 2023

Bank Of America ( BAC)

 2nd quarter 2023 Financial Results is out!

EPS of US0.88 beat analysts expectations of US0.84.

NAV is US32.05.

PE is less than 10x.




Chart wise,  bullish mode!
It has manged to overcome the resistance at 30.10 and rises higher to touch 30.60 looks like Bull is in control!



Short term wise,  I think likely to rise up to test 31.00 than 32.40 with extension to 34 00 and 36.00.

Not a call to buy or sell!

Please dyodd.


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