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