Buffett Cuts BofA Stake Again, Unloading $3 Billion This Month
Bank of America(BAC.US) 10% Shareholder Sells US$767 Million in Common Stock
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
