FreeFinancialsBAC9 min read
Reading BAC into the next print
BAC chart · D
The thesis
Net interest margin looks to have troughed, and the market hasn't repriced it.
Credit normalisation is being mistaken for credit deterioration — there's a gap.
What I'm watching
- BAC NIM vs guide
- deposit cost trajectory
- A clean move through the level I flag below
Positioning
Long on BAC, 1-6 months horizon. Conviction: High. A credit shock breaks the thesis; I keep it sized.
Opinion, not investment advice. The author may or may not hold positions discussed.
Drag the grip on a chart or video card to move it · click the chevron to collapse.
Comments
0 commentsBe the first to comment.