Here's How Bank of America Corporation Crushed It in 2017
Bank of America (NYSE: BAC) was one of the hardest-hit major U.S. banks during the financial crisis, and the stock took a major tumble as a result. However, the bank has done an incredible job of not only recovering from the meltdown, but transforming its business into a well-run, sustainable banking operation that continues to improve.
As a result, Bank of America's stock price has risen more than 600% altogether since its 2009 post-crisis lows, and 2017 has been a very strong year, with a gain of 22% through mid-November. Here's why the bank is doing so well, and why shareholders should be encouraged about the future.
Image Source: Bank of America.
Source: Fool.com
Bank of America Corp. Stock
€38.49
0.170%
Our community is currently high on Bank of America Corp. with 27 Buy predictions and 5 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 9.12% compared to the current price of 38.49 € for Bank of America Corp..
