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Why Bank of America's Rally May Start to Lose Steam

Even though the Fed is set to hike interest rates two more times this year, it may be time to turn bearish on Bank of America.
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Even though the Federal Reserve is set to hike interest rates two more times this year, which would increase bank profitability, it may be time to turn bearish on Bank of America (BAC) - Get ReportYear-to-date, the stock is up 14%, compared to a 2.3% increase for rival Citigroup (C) - Get Report and 6.3% for JPMorgan Chase (JPM) - Get Report . Plus, of 30 analysts who have a 12-month price target on the stock, the median price is $26. The stock currently trades near $23. Shares are also higher than its peers on a price to book value basis.

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