Here's What Lower Taxes Will Mean for Bank of America
Stocks have been rising over the past week on hopes that Congress will be able to lower the top corporate tax rate from 35% to 20%. Few companies would benefit as much from this as big banks, such as Bank of America (NYSE: BAC).
Over the past 12 months, only five companies on the S&P 500 have out-earned Bank of America on the bottom line. The Charlotte, North Carolina-based bank has generated just under $20 billion in net income over that stretch.
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Source: Fool.com
Bank of America Corp. Stock
€36.87
1.160%
Currently there is a rather positive sentiment for Bank of America Corp. with 27 Buy predictions and 5 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 13.93% for Bank of America Corp. compared to the current price of 36.87 €.
