We think that Bank of America has a potential to go up strongly to benefit from the boom in US economy. With unemployment figures going down, and economy going strongly, BAC is expected to go up in price. The recent sell down in BAC is because of accounting fraud and has already been priced in.
Should expect this stock to perform from now on. May buy this stock through any local brokerage house.
Price now: $15.85
Mid term target: $17
Long term target: $19.90