Should You Buy Bank of America While It's Below $45?

As a leader in the financial services industry, Bank of America (NYSE: BAC) has its hands in a wide range of markets. This includes consumer and commercial banking, capital markets, investment banking, and wealth management. The company's resilience is noteworthy, as it's been in operation for over a century.Bank of America may have the attention of those considering allocating capital to such an important part of the economy. Is it smart for investors to buy this bank stock while it trades below $45? Here are three key factors to consider.Investors believe that if interest rates are set to fall, then demand from borrowers for loans will rise. This is certainly a valid point. But I think it's an error to base your outlook on a macro prediction. Everyone was sure the Federal Reserve would consistently cut interest rates, but the central bank has held steady. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool