Why Bank of America stock is on fire post Trump win

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Bank of America’s (BAC) stock has ripped higher to the tune of 10% in the days following the presidential win for Donald Trump. The company’s CEO Brian Moynihan told Yahoo Finance Executive Editor Brian Sozzi at the Invest conference the rally reflects hopes for looser bank regulations. Another catalyst, Moynihan hinted, is a strengthening US consumer as the election results move into the rearview mirror.

To see every interview from Yahoo Finance Invest, click here. See the full interview with Brian Moynihan here.

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