Reason #2: Bank of America Isn’t A Fly-By-Night Analyst
In general, it can be dangerous to follow the opinions of any analyst. However, when it comes to the elite, investors really should take their research to heart.
Bank of America is one of the largest banks in the world, and a household name in the United States. The bank didn’t get that big by not knowing how to invest its money properly.
The analysts at the firm are some of the most highly-regarded on the street, and have earned their positions as thought leaders in the investing space. They spend all day, every day, doing nothign but researching and analyzing markets. If there is an analyst to trust, its one that comes out of Bank of America.