Jim Cramer: Bank of America Can Make Over $3 Billion on Four Rate Hikes
Amid Bank of America's better-than-expected earnings on Wednesday, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the bank can make more than $3 billion if the Federal Reserves hikes interest rates four times.
Amid Bank of America's (BAC) - Get Report better-than-expected earnings on Wednesday, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the bank can make more than $3 billion if the Federal Reserves hikes interest rates four times, "provided the [yield] curve inflects a little."
Cramer said Bank of America will still make a lot of money even if the curve doesn't inflect.
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