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Why Shares of Bank of America Soared 43% in 2019

TheMotleyFool

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Why Shares of Bank of America Soared 43% in 2019

Shares of Bank of America (NYSE: BAC) gained 42.9% in 2019, according to data provided by S&P Global Market Intelligence, easily outpacing the S&P 500 index's 28.9% gain. The stock tracked the broader market for most of the year before breaking out in the fourth quarter on strong earnings, growing optimism about the outlook for the financial sector, and the endorsement of one prominent investor.