Here's Why Bank of America's Stock Could Hit $30 This Week
Shares of Bank of America (NYSE: BAC) are surging yet again on Monday, after the Senate voted late last Friday in favor of cutting the corporate tax rate from 35% down to 20%.
There's still work to be done on the tax bill, as it has to be passed by the House of Representatives as well, but the progress sent shares of the nation's second-biggest bank by assets up by 4% in intraday trading today.
All told, shares of Bank of America have climbed nearly 10% in the past week. That compares to a 2% gain on the S&P 500. And if Bank of America's stock sees another day like today, it will eclipse $30 per share for the first time since the financial crisis.
Source: Fool.com
Bank of America Corp. Stock
€36.83
0.000%
The stock is one of the favorites of our community with 22 Buy predictions and 4 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 14.04% compared to the current price of 36.83 € for Bank of America Corp..
