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Bank of America Newsroom
Buffett Cuts BofA Stake Again, Unloading $3 Billion This Month
Bank of America(BAC.US) 10% Shareholder Sells US$767 Million in Common Stock
Berkshire Hathaway Continues to Trim Stake in Bank of America
Morgan Stanley Adjusts Price Target on Bank of America to $49 From $46, Maintains Overweight Rating
Warren Buffett's Berkshire Trims Position In Its Second Biggest Stock Holding By $3.2B This Month: What It Means For Investors?
Buffett sold again! In July, he cashed out more than 3 billion U.S. dollars from Bank of America at a high position.
Will you continue shareholding?
Bank of America Securities: Strong second-quarter profits from Hong Kong Exchanges and Clearing Limited (HKEX) could stabilize net income in the first half of the year. We recommend a "buy" rating.
Bank of America Securities released a research report stating that it gives a "buy" rating to HKEX (00388), and the current price is equivalent to a PE ratio of 24 times in 2024, which is attractively valued. Further policy-driven factors in the second half of the year may push up prices. Focus on news related to Alibaba's inclusion in the Stock Connect, IPOs in the second half of the year, ETF expansion, and lowered dividend tax policies. HKEX will announce its half-year performance on August 21, with an expected net income of 6.3 billion yuan, a 1% decrease compared to the same period last year. In contrast, the year-on-year decline in the first quarter was 13%. The strong performance in the second quarter was mainly due to the recovery in trading volume and the growth in LME volume. As
Ignore the Pain. Why the Tech Selloff Is a Sign of a Healthy Market.
Bank of America Merrill Lynch reiterates its "buy" rating on ckh holdings with a target price of HK$55.
Bank of America Securities released a research report maintaining a "buy" rating for CKH Holdings (00001), roughly maintaining earnings forecasts for the company for the next two years, which rose by 4% and 12%, respectively. The bank cautiously expects the company to cut its interim and annual dividends by 10% to an annual dividend payout rate of 36% and lowers the target price by 5% to HKD 55. The bank believes that the company's operations are recovering this year after a difficult fiscal year 2023, but its performance growth may be affected by the one-time income last year. The bank expects the company's profits to fall by 8% YoY in the first half of the year, but double-digit growth in profit before tax for its port and Europe telecommunications businesses.
Express News | Berkshire Sold the 18.41 Mln Bank of America Shares for About $767 Mln
Express News | Berkshire Owns About 961.6 Mln Shares of Bank of America Following the Stock Sales
Express News | Berkshire Hathaway Sold About 18.41 Mln Shares of Bank of America Between July 25 and 29, SEC Filing Shows
Overnight News: US Federal Government Debt Surpasses $35 Trillion, Apple Releases AI Function Test Version, Goldman Sachs Says Bleak Earnings Outlook Will Hit Cyclical Stocks.
For more global financial information, please visit the 24/7 real-time financial news market closing: U.S. stocks closed up and down, focusing on technology stock earnings reports. On July 29th, the top 20 U.S. stock turnover: Tesla became the first choice of Goldman Sachs. Popular Chinese concept stocks rose and fell on Monday, with Alibaba up by 2.8% and Taiwan Semiconductor down by 1.2%. U.S. WTI crude oil futures closed down 1.7% on Monday. Most major European stock indexes fell, with the Euro Stoxx 50 index down 1%. Macro Japan plans to designate brokers to help find overseas buyers of Japanese government bonds. The scale of U.S. federal debt has exceeded $35 trillion. The U.S. Treasury has lowered its quarterly borrowing scale forecast.
Foreign headlines: The US Treasury Department lowers its quarterly borrowing estimate, with analysts testing Tesla's FSD and almost colliding. Bank of America predicts that the yen could rise to 145 against the US dollar.
The headlines that global financial media have been jointly focused on last night and this morning are mainly: The US Treasury Department lowered its estimate of quarterly borrowing and expected the cash buffer to fall by the end of the year. The US Treasury Department has lowered its estimate of the federal borrowing scale for this quarter and expects the government's cash buffer to decrease by the end of the year. On Monday, the US Treasury Department stated that the net borrowing scale from July to September is expected to be $740 billion, lower than the $847 billion estimated on April 29th. Most bond traders expected this decline. The authority's estimate for the cash balance at the end of September remained at $850 billion. Analyst: Used Tesla completely.
Bank of America Options Spot-On: On July 29th, 115.39K Contracts Were Traded, With 3.21 Million Open Interest
Bank of America: If the Bank of Japan turns hawkish, the Japanese yen against the U.S. dollar may rise to 145.
Bank of America believes that if the Bank of Japan raises interest rates on Wednesday and hints at a rapid reduction in bond purchases, the yen may rise to its highest level since January. "If the Bank of Japan decides to raise policy rates and announce a plan to quickly reduce the scale of bond purchases (such as reducing the monthly bond purchase scale to about 3 trillion yen within a year), the market will believe that this is the Bank of Japan's turn towards the hawkish side, and will bet on a faster rate of interest rate hike, causing greater volatility in the entire yen market," Izumi Devalier and Shusuke Yamada, Bank of America strategists, wrote in a report on Monday. "To 'catch up' with the interest rate differential",
Bank of America: The reward given by investors for companies that exceed performance expectations has reached its highest level since 2018.
Bank of America strategist said that the S&P 500 index companies whose sales and earnings per share exceed analysts' expectations outperformed the benchmark index by 2.4 percentage points the next day and reached the highest level since the fourth quarter of 2018. According to a report to clients led by Savita Subramanian, the team reported that positive responses were far higher than the historical average outperformance level of 1.5 percentage points. On the other hand, the punishment for companies with lower than expected earnings by investors is easing. These companies underperformed the S&P 500 index by 2.2 percentage points, below the historical average of 2.4 percentage points.
BofA Recognized Globally for Digital Leadership and Commitment to Innovation
There's a New Breed of Breakaway Advisor. And They're Not Leaving the Big Brokerages. -- Barrons.com
The politically colored quarterly bond issuance arrangement in the United States that has received much attention is focused on whether the longer-term bond issuance plan will be adjusted.
For bond traders, the iconic event of each quarter - the US Treasury's debt issuance plan - will add political sensitivity this quarter; some Republicans previously accused the Biden government of manipulating bond issuance. Traders expect the US Treasury to adhere to previous guidelines in this week's quarterly refinancing bond issue, maintaining stable issuance of long-term bonds for the second consecutive quarter. Some Republican politicians and economic policy commentators have accused Treasury Secretary Janet Yellen and her team of artificially controlling the issuance scale of long-term bonds and using short-term Treasury bills to meet additional funding needs. They believe this move will help.