Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Bank of America Bank of America Corp. (NYSE: BAC). So this week we highlight one interesting put contract, and one interesting call ...
Sector powerhouses such as Bank of America (NYSE: BAC ) , JPMorgan Chase (NYSE: JPM ) , and Goldman Sachs (NYSE: GS ) have all reported growth in investment banking revenue for the second quarter, but Goldman clearly outperformed the others.
"We rate BANK OF AMERICA CORP (BAC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.
Now what: According to Deutsche, Bank of America's risk/reward trade-off is rather attractive at this point. "We think the most meaningful negative catalysts have been identified and largely priced in," said O'Connor.