Money in the BANK! Bank of America 2017 Review
Bank of America Corp
Current value 29.52
52 Week Range 21.97 - 29.95
1 Year Return 31.46%
Market Cap 308.7 B
P/E Ratio 16.87
Revenue 94.66 B
Dividend (Yield) 0.48 (1.63%)
According to KBW because of the tax cut from 35% to 21% on Corporate tax.
It’s the first major overhaul of the tax code in 30 years.
This could mean a boost in profits possibly exceeding 20% for the major banks that we have in our portfolio.
Couple this with the FED raising interest rates means that banks will accrue more profits on any of the loans they have on the books with shorter-term liabilities.
If there is further regulation changes specifically amendments or scrapping the Dodd-Frank could see big dividend pay outs from various banks as it will release capital that has been kept to one side since 2010.
Although this money has been speculated that it is meant to be going back into the system as loans for businesses to expand and boost the economy, it will far more likely be paid out in some by way of the dividend.
*Note all ratings are a personal rating for myself only and should not be used as financial advice.