Bank Of America To Open 600 New Branches By 2022 – CWEB.com

bankofamerica

Bank Of America To Open 600 New Branches By 2022 – CWEB.com

For banks 2018 could be a really good year in transformation into more strategically focused, technologically modern, so that they may remain dominant in a rapidly evolving bank system.

Bank of America (NYSE:BAC) plans to open more than 600 new branches across the United States over the next five years.

More than 1,800 existing locations will be redesigned with new technology, furnishings and layouts.

BofA (NYSE:BAC) plans to hire more than 5,800 workers as part of the expansion.

Bond yields are currently soaring while banking stocks are massively outperforming.

Going forward, you can buy a great company at a great discount.

Bank of America has rallied strongly since the beginning of 2016.

Bank of America is already up more than 10% in 2018.

The bull case is getting even stronger with strong growth acceleration and soaring bond yields prices.

Comparing to Citigroup, Inc. (NYSE:C) and Wells Fargo(NYSE:WFC) Bank of America is very cheap compare to the industry.

CWEB Analyst’s have initiated a Buy Rating for (NYSE:BAC) and a Price Target of $60 within 12 months.

Read Full Article and Videos CWEB.com – Trending News, Blog, Shopping

Chart
BAC data by YCharts

Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer


>