Can This Top Warren Buffett Stock Become a Trillion-Dollar Company by 2050? [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
The credit card giant pleased investors with its latest financial results, helping drive shares 24% higher this year (as of April 22). I don't doubt that this top financial stock's bullish supporters, including Buffett, would be happy if the business saw its market cap reach $1 trillion one day. This exclusive club only has seven members today, a group that's mostly dominated by tech firms. Can American Express hit the 13-figure valuation by 2050? The math makes sense As of this writing, the financial services company carries a market capitalization of $173 billion. For American Express to get to $1 trillion, its valuation would need to rise at a 7% compound annual growth rate. To be clear, I don't think this target is unreasonable at all. It implies that the market cap will expand by 478% in the next 26 years. Past results don't guarantee future returns. However, let's look at history to provide some context. In just the last 15 years, American Express's market cap soared
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