Bank of America Corp (BAC): The Stock May Be Headed Lower, Says Goldman Sachs Group, Inc. (GS)

What’s this mean for Bank of America stock? Your guess is as good as mine. With a beta of 1.78, it’s one of the more volatile securities on the Dow. But this is something we’ve lived with for the past five years. So even if it does go down, shareholders are likely acclimated to its capricious ways.

The important thing is avoid losing your nerve. Barring some unforeseen catastrophe, Bank of America Corp (NYSE:BAC) stock will soar even higher in the future (and likely pay a generous dividend to boot). At least in my opinion, it’s not a matter of if, but when.

The article Bank of America Stock Could Be Headed Lower, Says Goldman originally appeared on Fool.com.

John Maxfield owns shares of Bank of America. The Motley Fool recommends Goldman Sachs and Wells Fargo. The Motley Fool owns shares of Bank of America and Wells Fargo.

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