Bank of America (NYSE:BAC) Is Increasing Its Dividend To $0.26
Warren Buffett Is Selling Stocks. Here's the Hidden Reason Why.
Rotation of US financial sector? Jefferies Financial: Rate cuts have a greater impact on large banks, while regional banks are more attractive.
Jefferies Financial recently wrote in a report to clients that a Fed rate cut may have a greater negative impact on large banks.
SA Asks: Will the Fed Do an Emergency Rate Cut?
Express News | Bank of America CEO Moynihan Says if Fed Does Not Start Cutting Rates Relatively Soon, It Could Dispirit the American Consumer
Bank of America Corporation (BAC): Warren Buffett and Hedge Funds Are Crazy About This Stock Now
Rate Cuts May Impact Big Banks More Negatively Than Regionals, Analyst Says
Jim Cramer Thinks Bank of America Corp (NYSE:BAC) Is 'Selling Inexpensively'
Robo-Advisors Grow Up. How They Rank Now. -- Barron's
Bank of America Options Spot-On: On August 9th, 170.04K Contracts Were Traded, With 3.39 Million Open Interest
9 Financials Stocks Whale Activity In Today's Session
Anticipation of interest rate cuts heats up again, Bank of America clients are bullish on shorting the US dollar.
According to a survey by Bank of America, the proportion of investors who believe the dollar will weaken has almost doubled in the past month as the market prepares for the Fed's interest rate cut. In the bank's monthly confidence survey, about 23% of respondents said their most confident trade was shorting the dollar, the highest proportion this year and up from 8% in July. The dollar has outperformed most G-10 currencies this year, but its rise has faded in the past month as data showed the US economy losing momentum, prompting traders to bet the Fed will cut rates significantly. Although it has since rebounded somewhat, the market still expects a 100 basis point cut in interest rates this year.
Goldman Sachs: Technology stocks and small cap stocks regaining attractiveness.
Luke Barrs, the global head of fundamental stock portfolio management for Goldman Sachs Asset Management, said that the recent sharp drop in the U.S. stock market has eliminated a lot of the bubbles in the market, and has made some technology and small-cap stocks attractive again. "What we are looking at now is whether we can buy select technology and small-cap stocks, and we believe that normalization of interest rates should be helpful to this still undervalued asset class," Barrs said. As investors are worried about a future economic downturn, the U.S. stock market has fallen in the past month, with S&P 500 index down 4.6%. Following the data showing a decrease in applications for unemployment benefits, this
Bank of America strategist Hartnett: The market has not yet fallen below a key level.
Bank of America strategist Michael Hartnett said that global financial markets turmoil has not yet reached the level of implying concerns about an economic hard landing. Despite the S&P 500 index falling about 6% since hitting a record high in mid-July, the index remains above its 200-day moving average of about 5050 points, and the yield on 30-year US Treasury bonds has not fallen below 4%. "The Wall Street view of a technical shift from a soft to a hard landing has not been broken," Hartnett wrote in the report. He added that "investor feedback is 'exhausted,' but the expectation of a Fed rate cut implies a market slump."
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