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The stock market has had a stellar run in 2023, and the equity strategy team at Bank of America expects another strong year in 2024 will send the S&P 500 ( ^GSPC) to a record high of 5,000. In a ...
Bank of America's stock rose more than 5% Tuesday. As of Monday night it was up 20% so far this year. ... Click here for in-depth analysis of the latest stock market news and events moving stock ...
Bank of America warns of a hard landing if the S&P 500 drops below its 200-day average. If the stock market falls below that threshold, there could be a 10% correction, BofA said.
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.
On this point, Bank of America is trading at 13.6 times its consensus 2024 earnings per share of $3.22, as a forward price-to-earnings (P/E) ratio, and 1.3 times its book value. Both of these ...
BofA Securities, Inc., [ 1] previously Bank of America Merrill Lynch ( BAML ), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill, the stock brokerage and trading platform subsidiary of Bank of America. It provides services in mergers and acquisitions, equity and ...
The stock market ended last week nearly flat after the biggest sell-off in over two years. ... Bank of America says look for further moves based on the data this week, with a soft CPI reading ...
Developing global financial crisis. Beginning with bankruptcy of Lehman Brothers at midnight Monday, September 15, 2008, the financial crisis entered an acute phase marked by failures of prominent American and European banks and efforts by the American and European governments to rescue distressed financial institutions, in the United States by ...