Shares of Nashville, Tenn.-based HCA Healthcare closed more than 6 percent higher Thursday after JPMorgan told investors how HCA could benefit from the proposed Republican tax bill, according to CNBC.
In a note issued to clients Thursday, a JPMorgan analyst said HCA could see 2019 consensus earnings per share climb 30 percent if the tax cuts pass.
"HCA generates 100 percent of its net income in the U.S. and pays a full U.S. corporate tax rate," stated the analyst's note to clients.
On Wednesday, several healthcare companies saw their shares rise following reports discussing the details of the Republican-led bill to cut taxes, according to Reuters.
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