Market Chatter: Bank of America Upbeat on Mexico Despite Trump's Tarriff Plan
Bank of America Securities: Upgraded Guangdong Inv rating to "buy" and raised the target price to 5.2 Hong Kong dollars.
Bank of America Securities released a research report stating that the rating of Guangdong Inv (00270) has been upgraded from 'Neutral' to 'Buy', expecting the net income to remain flat year-on-year in the 2024 fiscal year, with an average compound annual growth rate of 11% from 2025 to 2026. The dividend yields for 2024 to 2026 are attractive, at over 6.8%, 7.8%, and 8.3% respectively. Furthermore, the earnings per share for 2024 to 2026 have been revised down by 4%, 15%, and 15%, with the target price raised from 4.9 Hong Kong dollars to 5.2 Hong Kong dollars. The report also mentioned that Guangdong Inv management will discuss the possibility of distributing special dividends on December 9 to enhance investor confidence.
Peering Into Bank of America's Recent Short Interest
Institutional Investors Are Bank of America Corporation's (NYSE:BAC) Biggest Bettors and Were Rewarded After Last Week's US$13b Market Cap Gain
The list of "too big to fail" global banks has been updated: Bank of America (BAC.US) has been downgraded, while French agriculture crediting bank has been upgraded.
The Financial Stability Committee has included the bank of america in its lower tier of "too big to fail" banks, while the French agriculture crediting bank (CRARF.US) has entered a higher tier.
Bank of America Options Spot-On: On November 27th, 115.24K Contracts Were Traded, With 3.33 Million Open Interest
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