BAC is a longer-term favorite among banks alongside Goldman Sachs, not a today-or-tomorrow trade. It is down pre-market on earnings and a 1.2 billion fee ruling, and technically it is on its heels and must rally back above its 200-day moving average near 55.
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Okay, BAC is probably going to move around because of earnings, but down four points. The fraud thing, although I mean that is interesting.
We may see the same with Bank America today. Bank America's down I don't know three bucks or something pre-market. that could happen here.
and then I'm gonna hop bank got absolutely annihilated and I and it was down big last night even before earnings just on the ruling that they have to pay a billion two in, you know, fees for whatever whatever it was.
bank is I I still like Bank America. I like Bank America and Goldman Sachs for out of all the banks longer term. I'm not talking about a trade for today tomorrow. I'm talking about longer term. I I really like those here.
But from a technical standpoint, bank's going to have to make a uh a nice little rally here back above that 200 day moving average, which is around 55. It's kind of on its heels right here a little bit.