Fed cuts rates 25 bp
Wealth and investment management revenue climbed 8% to $5.8 billion and saw client balances jump 18% to $4.2 trillion thanks to rising market valuations and client flows.
BofA Securities' clients last week purchased U.S. equities at the fastest pace in nearly two years as the Federal Reserve decided to cut interest rates by 50 basis points, according to BofA Global ...
A total of 33% of respondents expect two Fed rate cuts in the next 12 months, 31% expect three cuts and 14% more than three reductions. Only 8% think the Fed will not cut rates at all over that ...
“Froth is on the rise” but BofA’s Bull & Bear Indicator is still ... Investors expect the Fed to cut rates by another 160 basis points on average over the next 12 months Most crowded trades ...
Hartnett favors buying the post-Fed dip in bonds and gold instead of caving to the pressure to chase the rally. Stocks at risk of a bubble after Fed’s jumbo rate cut, BofA strategist says ...
Oct 14 (Reuters) - J.P.Morgan and BofA Global Research have joined a growing rank of major brokerages that expect the U.S. Federal Reserve to reduce interest rates by 25 basis points in November ...
Also Read: Hurricane Milton Evacuations ‘A Matter Of Life And Death,’ Biden Says: Fed’s Bostic Says Storm Could Have Significant Economic Impact Over Next 6 Months. BofA writes that the core ...
The Fund returned 5.33%, reflecting performance at the net asset value of Class I shares with all distributions reinvested, ...
Savita Subramanian, BofA's head of US equity and strategy ... part of the appeal of value sectors is the high dividends they offer. As the Fed's cutting cycle pulls down short-term yields ...
BofA also points out that the upcoming CPI report will be important for gauging market sentiment toward the Fed’s November meeting. While the market currently assigns a 16% chance of the Fed ...
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