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Bank of America Newsroom
The Total Return for Bank of America (NYSE:BAC) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
As Robo-Advisors Top $1 Trillion in Assets, Banks Pull Back
Bank of America Securities reiterated its "buy" rating on Swire Properties, with a slightly increased target price of HKD 18.
Bank of America Securities released a research report stating that Swire Properties (01972) performance in the first half of the year met expectations, with a slight YoY decrease of 1.1% in core net profit, still 4% higher than the bank's expectations. The interim dividend increased by 3% YoY to HKD 0.34 per share, also exceeding the bank's expectations. The bank reiterated its "buy" rating, and raised the target price from HKD 17 to HKD 18. It believes that the company's unexpected plan of buyback of HKD 1.5 billion will provide a relatively moderate boost to EPS and NAV per share. At the same time, this move, combined with the company's reconfirmation of its annual goal of single-digit growth in dividends per share, should help narrow the discount of the company's NAV. The bank pointed out that the company...
The central parity rate of RMB is reported at 7.1449, up 11 points.
On August 9th, the central parity rate of the RMB was reported as 7.1449, up 11 points, and the previous trading day's central parity rate was reported as 7.1460. Wen Bin: The RMB is expected to remain stable. Since July, with the turnaround of the Japanese economy, carry trade and speculative trading have reversed, coupled with the unexpectedly high interest rate hike by the Bank of Japan, the yen has rebounded significantly. The RMB, as a currency similar to the yen and a relatively low-interest currency, may also be pushed up by this round of carry trade reversal. Although the RMB has depreciated against the yen, overall, the correlation between the RMB and the yen has been stronger than that between the RMB and the US dollar in recent times.
Citi to Sell Trust Business Amid Bank's Turnaround Efforts
Bank of America Options Spot-On: On August 8th, 131.98K Contracts Were Traded, With 3.38 Million Open Interest
Wall Street expects the Fed to end its balance sheet reduction this year, but the possibility of slamming the brakes is low.
The end of Fed balance sheet tightening is in sight, but the actual end date depends on the pace of rate cuts and market financing pressures. Policymakers have hinted that they will complete their shareholdings in US debt before the end of the year, and many on Wall Street believe that quantitative tightening is unlikely to end suddenly. However, recent weak economic data and liquidity pressure risks have cast uncertainty on the outlook. "If the Fed intends to stimulate the economy, it may stop shrinking its balance sheet," Bank of America strategists Mark Cabana and Katie Craig wrote in a report to clients on Wednesday. "If the Fed's goal is to normalize monetary policy, shrinking its balance sheet can continue." Increasingly signs point to
Express News | Bank of America Announces Redemption of CAD500,000,000 3.407% Fixed/Floating Rate Senior Notes Due September 2025
Check Out What Whales Are Doing With BAC
Bank of America Joins Investor Group in Nasdaq Private Markets
Nasdaq Private Market Adds Bank of America to Consortium of Investors
Apple, Alphabet And 2 Other Stocks Insiders Are Selling
Bank of America Merrill Lynch: Maintains a buy rating for U-Presid China, and raises the target price to HKD 8.3.
Bank of America Securities released a research report that maintains its 'buy' rating on U-Presid China (00220). Due to the expected reduction in tax rates, the earnings per share forecast for 2024/25 has been raised by 4%. The company's 6.9% dividend yield is attractive, and it is the highest among consumer goods stocks listed on the Hong Kong Stock Exchange. The target price has been raised from HKD 8 to HKD 8.3 and it is expected to support its stock price performance in a weak market. U-Presid China's sales and after-tax profits in the first half of the year increased by 6% and 10.2% year-on-year, respectively, in line with expectations. Due to factors such as weak macroeconomic conditions, intensified market competition, and rainy weather in China in the second quarter, sales in the second quarter were dragged down.
Bank of America Securities: Reiterates its 'buy' rating for Cathay Pacific Airways and raises target price to HKD 12.2.
Bank of America Securities released a research report recommending a buy rating for Cathay Pacific Airways (00293), taking into account the good performance in the first half of the year. As a result, the average forecast for net income from 2024 to 2026 has been adjusted upward by 0.5 billion yuan, and the target price has been raised from HKD 12 to HKD 12.2. The report stated that Cathay Pacific Airways’ performance in the first half of the year exceeded expectations, mainly due to the decrease in staff and aircraft parking costs during the period, and the favorable factor of exchange rate. Available seat kilometers in the first half of the year increased by 42.7% year-on-year, and passenger yield fell by 11% year-on-year, which is in line with expectations. In addition, the management of Cathay Pacific Airways expects the passenger yield to continue to trend positively in the second half of the year.
Japan's five major trading companies fall into the gold pit! "Stock market believers" buy on dips and wait for the wind to rise.
The five major Japanese trading companies that Buffett holds have undoubtedly become "cheap goods" since the Japanese stock market plunged in mid-July. Due to recent concerns about the continuous rise of the yen in the market, the stock prices of these five major trading companies have dropped sharply in the recent Japanese stock market crash.
Bank of America Options Spot-On: On August 7th, 217.57K Contracts Were Traded, With 3.34 Million Open Interest
Bank of America Adds Cash Sweep Accounts to Risk Factors in SEC Filing -- Barrons.com
Sector Update: Financial Stocks Rise Wednesday Afternoon
JPMorgan Chase's $1.2B Cash-reserve Boost Leads Big Banks as Lenders Brace for Slowing Economy
Bank of America (NYSE:BAC) Shrugs Off Latest Regulator Inquiry