- BACCNBC•9 hours ago
Bank of America's summer surge has some traders betting on further upside for the stock. The trade was made when Bank of America (BAC) was trading at around $15.90, and it has a break-even level of $16.12. If the stock closes below $16 on Friday, the entire $1.2 million spent in options premium will be lost.
As part of KBW’s ongoing August Opportunity series, we are highlighting Outperform-rated Wells Fargo as an investment that we believe investors should be increasing while the opportunity still presents itself. Wells Fargo has been the worst-performing Universal Bank stock this year but we are maintaining the stock as our Best Idea, and at the current valuation we believe that shares of Wells Fargo are cheap relative to peers and investors should be adding shares to portfolios. Shares of Wells Fargo have lagged peers year to date, and Wells is now the worst-performing Universal Bank stock this year. The end result is that Wells Fargo is now trading at 11.6x our 2017 EPS estimate and this is 71% of the market multiple.
- financeNicole Sinclair•9 hours ago
Both Donald Trump and Hillary Clinton have been doing their best to appeal to business owners on the campaign trail. Presidential candidate Hillary Clinton recently rolled out what she calls a job-creating package of reforms to jumpstart small business startups specifically. Karen Mills, who serves