Bank of America (NYSE:BAC) Stock Prices outlook august 1 2011 : Bank of America (NYSE:BAC) is one of the leaders this morning, with its stock trading higher 4% on the US debt ceiling resolution.
Bank of America stock is now trading above the $10 mark once again and is just shy of its 20 day moving average that has been acting as resistance for the past few weeks. Bank of America failed to impress on its corporate results, as it continues to show issues given the mortgage mess.
Current price levels make Bank of America trade at just 6.5 times the consensus 2012 earnings estimates, with a big majority of analysts having price targets of $14 for the stock.
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