My analysis for BAC and housing market and economy in general. Just my honest opinion for discussion.
Housing market definitely s coming back strong with very little inventory for buyers as many sellers are holding back to sell later for higher prices. Second thing is oil prices will fall by next year and could be lower by as much as 35%.
Europe by next year should see better results also. When you add all these things together, you get BAC stock to go back up big time. For example, the house BAC is holding is worth more money also. Interest rates also might start slowly going back up somewhat so the spread can help the banks make even more money.
I think this is the perfect condition for much better earnings and for stock appreciation. $40 to $50 is possible by the next year or two I believe. What you guys think?