Will This Catalyst Soon Cause Bank Stocks to Soar?
I spend most of my days studying banks and their stocks, but the thing I'm focused on right now has little to do with the fundamentals at the banks I follow most closely -- namely, Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Wells Fargo (NYSE: WFC).
What I'm watching instead is the likelihood that corporate tax reform will make it through Congress. If it does, it seems fair to think that bank stocks will respond positively to the news, as it will mean that more of these banks' earnings will be passed on to shareholders as opposed to the government.
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Source: Fool.com
Bank of America Corp. Stock
€36.65
-0.050%
With 22 Buy predictions and 4 Sell predictions Bank of America Corp. is one of the favorites of our community.
With a target price of 42 € there is a slightly positive potential of 14.6% for Bank of America Corp. compared to the current price of 36.65 €.
