This Christmas, raise a glass to concentrated market returns
Nineteen years is a long time to wait for almost anything. When it comes to a share-price recovery, it can feel like an eternity. Bank of America’s stock touched a new record on December 12th (and again on December 15th). That has at long last taken the world’s second-largest bank by market capitalisation back above its share-price peak in 2006, before the ravages of the global financial crisis.
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