Lifting 42% YTD What Next For Bank Of America? [Forbes]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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investor.bankofamerica.com
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Source: Forbes
In Pictures via Getty Images Bank of America's stock (NYSE: BAC) has gained about 42% year-to-date, compared to the 25% rise in the S&P500 index over the same period. Bank of America's peer Wells Fargo (NYSE: WFC) is up by an even stronger 54% YTD. Overall, at its current price of $46 per share, BAC is trading around the Trefis' estimate for Bank of America's valuation Some of the stock's recent gains come off the back of the U.S. election, which saw the election of Donald Trump to the U.S. presidency for a second term. Investors are betting that the Trump administration's focus on deregulation could translate into a more lenient approach to bank oversight versus the Biden administration. This could help banks boost their revenues, via higher deal volumes, lending activity, and potentially lower compliance costs which could boost profitability. Trump has also been in favor of tax cuts and this could also help the bottom lines of banks like Bank of America. Republicans, who genera
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BAC
Earnings
- 10/15/24 - Beat
BAC
Sec Filings
- 11/21/24 - Form FWP
- 11/20/24 - Form FWP
- 11/20/24 - Form 424B2
- BAC's page on the SEC website