Analysts and commentators have been expecting Bank of America‘s (NYSE: BAC) stock to surge for the past two years. But no one could have guessed that it’d rocket higher by 45% over the course of only three months.
Yet that’s exactly what’s happened. The unexpected outcome in last November’s presidential election sent a jolt through the markets, pushing stocks up across the board. But it was the bank industry that benefited the most.
Bank stocks rocketed higher in the wake of the presidential election. Image source: Getty.