Bank of America Stock News

Bank of America Corp DE lifted its stake in shares of Redfin Co. (NASDAQ:RDFN) by 17.1% during the second quarter, HoldingsChannel.com reports. The fund owned 187,598 shares of the companys stock after buying an additional 27,361 shares during the quarter. Bank of America Corp DEs holdings in Redfin were worth $11,896,000 at the end of []

Bank of America Corp DE reduced its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 7.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 155,296 shares of the companys stock after selling 12,841 shares during the quarter. Bank of America Corp DE owned []

Bank of America Corp DE bought a new stake in shares of Zimmer Energy Transition Acquisition Corp. Units (NASDAQ:ZTAQU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,146,499 shares of the companys stock, valued at approximately $11,637,000. Other institutional investors also []

Bank of America downgraded shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) from a neutral rating to an underperform rating in a report released on Monday morning, The Fly reports. Other research analysts have also recently issued reports about the stock. Canaccord Genuity upped their price target on shares of Royal Bank of Canada from []

Wells Fargo & Company started coverage on shares of Zoom Video Communications (NASDAQ:ZM) in a report released on Monday, The Fly reports. The brokerage issued an equal weight rating and a $275.00 price target on the stock. Several other analysts have also recently commented on ZM. Bank of America reduced their price objective on shares []

RenaissanceRe (NYSE:RNR) had its price target boosted by Morgan Stanley from $158.00 to $172.00 in a report released on Friday, Price Targets.com reports. The brokerage currently has an equal weight rating on the insurance providers stock. Other equities research analysts have also issued research reports about the stock. Bank of America upgraded shares of RenaissanceRe []

Williams-Sonoma (NYSE:WSM) had its target price raised by Bank of America from $142.00 to $164.00 in a research report sent to investors on Friday, Analyst Ratings Network reports. Bank of America currently has an underperform rating on the specialty retailers stock. A number of other research firms have also recently weighed in on WSM. Telsey []

Bank of America downgraded shares of Construction Partners (NASDAQ:ROAD) from a buy rating to a neutral rating in a research report sent to investors on Friday morning, Analyst Price Targets reports. Bank of America currently has $43.00 target price on the stock, up from their previous target price of $37.00. Separately, Zacks Investment Research raised []

Evercore ISI reiterated their buy rating on shares of Albemarle (NYSE:ALB) in a research report released on Friday morning, Price Targets.com reports. The brokerage currently has a $295.00 price objective on the specialty chemicals companys stock. Several other equities research analysts have also recently issued reports on ALB. Bank of America raised their target price []

BofA Is Bearish On Markets Ahead Of The 2022 "Rates Shock" For those who have been following BofA CIO Michael Hartnett''s sometimes disjointed thoughts and observations, dutifully jotted down in his weekly Flow Show report (and summarized here), it will come as no surprise that the Bank of America strategist has been turning decisively bearish in recent months (see BofA Chief Strategist: Markets Are About To Be Hit With Three Shocks ; This Is How One Bank Will Trade The Bursting Of The Biggest Ever Asset Bubble In 2022 ; and " "2022: The Year Of The Rate Shock": The Fed''s Policy Mistake Already Happened And Next Year Everyone Pays" ). Even so, it was certainly helpful for Hartnett''s clients (and our readers) to be presented with a more structured and organized version of the CIO''s views for the year ahead, which is what he did overnight in his latest periodical The Thundering Word, titled appropriately "Fin de Siecle" in which he finally makes it clear that " we are market bearish" for many of the same reasons we have discussed previously namely that the "growth show" of 2020, which was followed by the "inflation shock" of 2021 will be followed by the "rates shock" in ''22 (as described here ).

"The nomination of Powell and Brainard suggest continuity at the Fed given that they have generally been in alignment," Bank of America said.

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The trading price of Bank of America Corporation (NYSE:BAC) floating higher at last check on Monday, November 22, closing at $46.37, 2.13% higher than its previous close. >> 7 Top Picks for the Post-Pandemic Economy

Guardian Investment Management grew its stake in Bank of America Co. (NYSE:BAC) by 524.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,379 shares of the financial services provider’s stock after purchasing an additional 75,900 shares during the quarter. Bank of […]

Tighter monetary policy will lead to higher rates and more volatility, making stocks a tough bet in 2022, according to Bank of America''s Michael Hartnett.