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Bank of America has raised its year-end S&P 500 target to 6,300, up from its previous forecast of 5,600. The updated outlook, issued by chief equity strategist Savita Subramanian, reflects just a 1.1% ...
Speaking at the Economic Club of New York last week, Bank of America's (BAC-0.25%) Brian Moynihan said bluntly, "We won't have a recession." Elaborating, he told the audience, "Our strategists are ...
Bank of America: Macro Environment Too Treacherous To Justify Investment. Oct. 13, 2022 4:00 PM ET Bank of America Corporation (BAC) Stock C, JPM, RY, TD, USB, WFC, BAC 10 Comments 1 Like.
Bank of America is now expecting the U.S. economy to experience a “soft landing” instead of a recession, its economists said in a research note this week. The bank’s economists, who had ...
Shares of Bank of America (BAC 0.46%) fell roughly 3% today. Meanwhile, shares of Charles Schwab ( SCHW 0.23% ) fell 3.3%, while shares of the credit card and payments company American Express ...
Bank of America has cut their work force by 100,000 people so >its more than just efficiency being realized its more of an ongoing sustainable restructuring on a quest to take cash out of the ...
Regarding that, Bank of America's CEO Brian Moynihan had this to say in the most recent earnings call. "Four quarters ago, we called that a bottom would occur in our net interest income in the ...
An unusual trend has emerged in the current earnings season that hasn't been seen since the early-2000s tech bubble, Bank of America said in a Monday note. Companies that beat both profit and ...
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