Express News | Bank of America : KBW Raises Target Price to $57 From $50

Reuters01:43 ET

Wall Street bulls predict: s&p 500 index to rise to 6300 points by the end of the year, bitcoin to break through 0.1 million US dollars.

Former JPMorgan chief stock strategist and Chief Investment Officer at Fundstrat Capital, Tom Lee, predicted on Monday that the s&p 500 index will rise to 6300 points by the end of the year, citing favorable market conditions and historical patterns indicating that stocks will continue to strengthen in December. Lee emphasized historical precedents, stating: "In the first half of an election year, when the market rises by more than 10%, there has been a 100% chance of an increase in December." He pointed out that the yield on the 10-year US Treasury fell to 4.1%, creating favorable conditions for multiple expansions. Lee's optimistic view extends to

Global market report00:06 ET

Bank of America Securities: Upgraded china pacific insurance rating to "buy" with a target of maintaining stable dividend growth per share.

Bank of America Securities released a research report stating that China Pacific Insurance (02601) has been upgraded from "Neutral" to "Buy". The company's goal is to maintain stable growth in dividends per share while also reflecting profit growth. Therefore, it is expected that the company will very likely offer higher dividends per share, although the bank expects a dividend payout ratio of only 25 to 30%, at the lower end of market expectations, the dividend yield still exceeds 5%. The bank recently held a conference call with China Pacific Insurance and believes that under the change in product strategy, China Pacific Insurance will sell more participatory products, while still maintaining a dominant position in savings products. It is believed that there is potential for an increase in the new business value profit margin next year.

Sina Hong Kong stocks22:41 ET

Wells Fargo Maintains Bank of America(BAC.US) With Buy Rating, Maintains Target Price $56

Moomoo News19:31 ET · Ratings

Wells Fargo Sticks to Its Buy Rating for Bank of America (BAC)

TipRanks19:17 ET · Ratings

Bank of America Options Spot-On: On December 2nd, 157.04K Contracts Were Traded, With 3.36 Million Open Interest

Moomoo News16:30 ET