The postelection spike higher in Bank of America Corp.’s stock may still be less than half over, some analysts say, given the potential boost that President-elect Donald Trump’s policies could provide to the banking giant and others in the financial sector.
Shares of the moneycenter bank
The stock rose 0.6% in premarket trade Wednesday.
B. of A.’s shares have rocketed 19% since the election, as investors expect the Republican sweep of the White House and Congress will relieve the regulatory pressure the banking sector has faced since the financial crisis. That compares with an 11% run-up in the SPDR Financial Select Sector exchange-traded fund
Analyst Steven Chubak at Instinet said...