Bank of America is a major player in the financial services industry of this country. So what's the Royalty Trades position on this stock?
Oooh, we are not fans. They missed their most recent quarterly earnings report by twenty cents a share. And we've seen insiders selling shares recently, which is always a major red flag for us. Aside from those two significant problems, you've got analysts decreasing earnings estimates, and a chart that just really doesn't have any momentum behind it. If you absolutely have to hold a bank, go with Goldman Sachs seeing as how they're as close to the Illuminati that one can get these days.
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