An unexpected decline in the unemployment rate should incentivize the Federal Reserve to raise interest rates at its meeting this month, which will translate into higher earnings for Bank of America.
Here are the two main ways to value bank stocks, and Bank of America in particular.
If the Federal Reserve raises interest rates at its meeting this month, Bank of America's stock could continue its climb.
The outcome of the presidential election pushed Bank of America's stock to its highest point in nearly a decade.
President-elect Donald Trump’s choice for Treasury Secretary confirms investors’ belief that the incoming administration will roll back regulations on banks.
The banking industry is evolving, and these three companies are poised to profit from the change.
Given upcoming catalysts for bank stocks, it seems reasonable to think that shares of Bank of America will be able to sustain their recent gains.
Bigger might be better for income investors in 2017.
Analysts and commentators think the Federal Reserve will raise interest rates in December, which could further fuel the rally in Bank of America’s stock.
Rolling back the Dodd-Frank Act would free Bank of America up to invest its assets more profitably.