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BANK OF AMERICA: Tax cuts could lead to record mega-mergers

trader surprised shocked

  • Bank of America breaks down what could be the most effective use of the additional capital that corporations get from the GOP tax plan.
  • The firm says that mergers and acquisitions is an ideal use, and could hit a record in 2018, while downplaying the positive effect of share buybacks and capital expenditures.

At this point, everyone knows that the GOP tax plan is going to give corporations a huge windfall of cash to use. The real question now is how they’ll use that money.

The equity strategy team at Bank of America Merrill Lynch boosted its 2018 <a target="_blank" href="" read more >>>

Source:: BusinessInsider.Com