Bank of America Corp (NYSE:BAC) shares have climbed 10% over the past week following Donald Trump's re-election. The move appears fueled by investor optimism around anticipated pro-business policies under a Republican-led administration.

Trump's promises to expand the Tax Cuts and Jobs Act, with further corporate tax reductions, signal potential profit boosts for Bank of America, which stands to benefit from a friendlier tax climate.

A lower tax rate directly supports the bank's bottom line, enhancing profitability and potentially increasing shareholder returns.

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What Else: With Trump aiming to ease regulatory restrictions on the financial sector, Bank of America could see reduced compliance costs and greater flexibility in its lending and investment practices.

This shift would allow the bank to expand its operations in sectors previously limited by strict regulations, including fossil fuel financing—a segment that could grow with reduced environmental constraints.

Moreover, Trump's proposed tariffs and fiscal policies may lead to higher inflation, which could prompt the Federal Reserve to sustain elevated interest rates. For Bank of America, a higher rate environment is favorable, as it increases the net interest income the bank earns from lending, a core revenue driver.

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How To Buy BAC Stock

By now you're likely curious about how to participate in the market for Bank of America – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Bank of America, which is trading at $46.13 as of publishing time, $100 would buy you 2.17 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, BAC has a 52-week high of $46.52 and a 52-week low of $28.47.