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Non-Tech : Bank of America
BAC 54.54-0.5%4:00 PM EST

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To: Sr K who wrote (4255)11/13/2016 2:12:56 PM
From: Qualified Opinion1 Recommendation

Recommended By
Tobias Ekman

   of 4366
 
2017 and beyond earnings estimates will probably be increased on lower corporate income tax rate(Trump), $2 billion cost savings, higher interest rates and higher loan growth due to GDP. Expect a shift to higher cash dividends vs share repurchases next year due to a much higher stock price if applicable.

JPM is selling for 1 1/2 times tangible book value. A similar valuation on BAC would be $25.71.
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