Pete Najarian Is Bullish On Bank Of America

Speaking on CNBC's Fast Money, Pete Najarian said that Bank of America Corp BAC is going to continue to trade higher.

He explained that we are currently in the rising interest rate environment, which is, together with strong economic growth, going to increase both earnings and dividend. Najarian also believes that fines for the financial sector are going to decrease under the new administration.

The Wall Street is focused at the book value of Bank Of America and it's still below 1.5, added Najarian. His book value target for the stock makes him confident that there is plenty of upside in the name.