The Traderszone Network

Published in TZ Latest News 15 December, 2021 by The TZ Newswire Staff

Bank Of America Option Traders Hurting After Fed Recommends 3 Rate Increases In 2022

What Happened: Option traders have been active on Bank of America Corporation (NYSE: BAC) after the Federal Open Market Committee left rates unchanged, but voted for three rate increases in 2022. Interest rates have an impact upon banks and financial stocks because the rates at which banks can lend at has an impact upon their profits from lending.

read more