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Bank of America is the latest firm to boost its 2024 S&P 500 year-end target amid the blistering stock market rally. Bank of America latest firm to see bullish outcome for stocks in 2024 [Video ...
Bank of America's forecast implies a roughly 5% drop in the stock market through the end of this year. Through the close on Wednesday, the S&P 500 had already lost about 19% so far this year.
The bank's stock price sank to $7.18, its lowest level in 17 years, after announcing earnings and the Merrill mishap. The market capitalization of Bank of America, including Merrill Lynch, was then $45 billion, less than the $50 billion it offered for Merrill just four months earlier, and down $108 billion from the merger announcement.
For investors looking to jump in and play the bullish calls on metals, Bank of America named Antofagasta , Freeport-McMoRan , and Teck Resources among its top copper picks, alongside Franco Nevada ...
The guidance lift and quality of the quarter sent Bank of America stock higher by 4.1% near the close of trading. BofA's ticker page was the third most active on the Yahoo Finance platform.
Freedom Holding Corp. [2] is an investment conglomerate registered in Nevada, USA. The company provides a range of services in retail financial securities brokerage and trading, asset management, capital markets, investment research and counseling, investment banking and underwriting services, mortgages, insurance, and consumer banking.
Nvidia shares could surge another 26% if the outlook proves prescient, and the stock split might help with that bullish move, according to Bank of America’s reading of history.