$Bank of America(BAC)$ in 12 months, people will be kicking themselves for not buying dips on financials. There is a 10yr bull market ahead for financials (specifically consumer based) given the likelihood of elevated rates -- THROUGH -- this upcoming recession due to the underlying desire to avoid returning inflation. In other words, the normal reflexive move of policy makers during an recession is to cut rates, but in this recession that tool will not be used, and therefore as we come out of the recession the macro environment for large scale high volume banks is going to be extraordinarily beneficial and profitable.
I dont know what BAC will be priced at in November of 2022, but I have high confidence that by November 2025 it will double from here on a growing profit basis.
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