What to Watch in the Stock Exchange?

    What to Watch in the Stock Exchange? Here is a big claim. Bank of America is one of several major stocks to report third-quarter earnings results this week. Stocks rallied last week after a tough few weeks for the markets, the Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) both posted gains of over 2%. With the earnings season expected to accelerate in the coming days, it's worth checking out a few highly anticipated announcements from Domino's (NYSE:DPZ), Delta Air Lines (NYSE:DAL) and Bank of America (NYSE:BAC). Among these stocks, the statements of Bank of America (NYSE:BAC) gain importance.

Bank of America's  BAC (NYSE) $44,34 0,00 (%0,00) deposits

Bank of America advanced to the earnings chart last Thursday morning. The stock has managed to stay ahead of the market in recent weeks, reflecting high expectations for last week's report amid conflicting signs of the strength of the global economy. Meanwhile, Bank of America is poised to take advantage of the right mix of evolving economic conditions, including rising interest rates and strong consumer spending and savings.

What to Watch in the Stock Exchange?

This potential helps explain why Wall Street has been more bullish on the stock lately, despite the resurgent pandemic situation putting pressure on the business over the summer. Despite all these positive developments, Pandemic pressure can be expected to contribute to the weakening of growth in areas such as business and consumer loans, deposit and loan transactions. Of course BAC should have positive things to say about the health of the economy as we enter the final quarter of the Year. Comments that will guide bank stock's movement after last week's report, and investors seeking clarity on how fast the economy will grow in Q4, should potentially guide the broader market.  

Source: The Motley Fool

 

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