3 Ways Bank of America Could Fall to $5

In the video above, Fool.com analyst Anand Chokkavelu goes over three scenarios in which Bank of America (NYSE: BAC  ) could fall to $5. The upcoming fiscal cliff, Europe and China's economic situations, and the housing market recovery are all factors that could hit shares hard.

Looking at the banking sector as a whole, international issues will affect the big banks, like JPMorgan (NYSE: JPM  ) and Citigroup (NYSE: C  ) , most dramatically. Domestic issues will be more significant for smaller banks like Regions Financial (NYSE: RF  ) .

Bank of America is hands-down the most talked-about bank out there, which is why Anand has authored an in-depth premium research report in the hopes of educating and guiding investors on everything they need to know about this highly-complex company. The report details Bank of America's prospects, including reasons to buy and sell. As an added bonus, he'll provide a year's worth of key updates on the company as news develops. Click here now to access your copy today.

Anand Chokkavelu has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup Inc , and JPMorgan Chase & Co. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (2) | Recommend This Article (12)

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  • Report this Comment On October 05, 2012, at 9:03 PM, thanhvly wrote:

    BOA is strong buy. New target $22. Massive buying to cover short. Stay long.

  • Report this Comment On October 06, 2012, at 11:47 AM, Teacherman1 wrote:

    If it dropped back to $5.00, I would happily load up.

    JMO and worth exactly what I am charging for it.

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