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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Bank Of America (BAC) Shares

Bank of America BAC Donald Trump the Federal Reserve US Federal Reserve Interest Rates

Bank of America Corp (NYSE:BAC) shares hit a new 52-week high of $47.49 during Monday’s session. The surge follows news this month marked by the Federal Reserve's decision to cut interest rates and Donald Trump's victory in the 2024 presidential election.

Fed's Rate Cut Boosts Financials

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