BAC- The Smartest Stock to Buy for $200 Right Now

  BAC- The Smartest Stock to Buy for $200 Right Now There's No Need To Start With A Pile Of Cash To Win On Wall Street.   The exchange offers several guarantees, and the market in general has always been considerate of investors who take a long-term approach. You have a very good chance of building wealth on Wall Street if you spread your investment thesis over time. Another good thing is that you don't have to be rich to make money. If you have $200 to spare, it's good enough to buy smart stocks.

Bank Of America  BAC (NYSE) $40,09 +1,31 (+%3,38)

The smart stock that long-term investors can buy with confidence for $200 is banking giant Bank of America (NYSE:BAC). Banks have been on the rise in the last eight months. The increase in inflation and the recovery of the US Economy paves the way for the Federal Reserve to take action until 2023. When the Fed starts raising rates, bank stocks will also get an immediate increase in net interest income. Bank of America is one of the interest-sensitive banks.

There's No Need To Start With A Pile Of Cash To Win On Wall Street.

According to the first quarter operating results of the company, it is expected to generate 8,3 billion dollars net interest income in the next 12 months. Bond revenues have already started to increase. This is a positive sign for future bank profits. Most importantly, the proportion of completed sales thanks to online and mobile networks jumped from 33% in the same quarter of the previous year to 49% in the first quarter of 2021. Switching to online banking is fairly inexpensive for Bank of America and allows the company to close and consolidate some of its branches. It must be admitted that the time has come for investors to believe in Bank of America's long-term growth potential.  

Source: The Motley Fool

 

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