Goldman Suggests Buying Calls on Bank of America (BAC)

Goldman Sachs is out with a research note this morning, where its analysts suggest traders buying calls on Bank of America Corporation BAC. The Goldman Sachs analyst believes that more mortgage exposure detail on BAC earnings should assuage fears around shares, as better disclosure could reduce expectations for private label losses. The analysts recommend buying calls given BAC implied volatility is low relative to recent realized. The analysts suggest buying the April $16.00 calls for $0.44, Bank of America Corporation is a bank holding company, and a financial holding company. The company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.