Bank of America Stock News

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Bank of America Corporation (NYSE:BAC) price is hovering lower on Tuesday, November 16, dropping -0.41% below its previous close. >> 7 Top Picks for the Post-Pandemic Economy > 7 Top Picks for the Post-Pandemic Economy

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US (Nominal) Retail Sales Soar In October Having broken their flawless streak for predicting retail sales this year in September, BofA forecast a bigger-than-consensus jump in spending in October and they were back to their winning ways as the print was a huge +1.7% MoM, against +1.6% BofA and +1.4% MoM consensus with retail sales reacclerating 16.3% YoY. Source: Bloomberg This is the 3rd consecutive increase in sales (and 3rd consecutive beat). Ex-Autos, sales soared 1.7% MoM (far hotter than the +1.0% MoM expected). And the Control Group - which feeds through to GDP - surged 1.6% MoM - more than triple the 0.5% MoM rise in September and far above expectations. Only clothing and accessories saw sales drop Despite the plunge in buying attitudes, spending is soaring. However, it is crucial to remember that retail spending is ''nominal'' dollars not ''real'' and thus spending could be driven as much by accelerating-inflation as by confidence. Additionally, anxiety over the supply chain issues ahead of Christmas may be pulling-forward sales.

Bank of America Corp DE increased its stake in shares of Masonite International Co. (NYSE:DOOR) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 240,962 shares of the companys stock after acquiring an additional 2,029 shares during the quarter. []

Research analysts at Roth Capital initiated coverage on shares of Xponential Fitness (NYSE:XPOF) in a note issued to investors on Tuesday, The Fly reports. The brokerage set a buy rating on the stock. A number of other brokerages have also recently commented on XPOF. Bank of America started coverage on Xponential Fitness in a research []

Bank of America Corp DE cut its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 753,085 shares of the exchange traded funds stock after selling 14,947 shares during the quarter. Bank []

Bank of America Corp DE decreased its position in shares of Ingevity Co. (NYSE:NGVT) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 306,629 shares of the companys stock after selling 9,583 shares during the quarter. Bank of America Corp DE owned []

Bank of America Corp DE cut its stake in Verra Mobility Co. (NASDAQ:VRRM) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,677,963 shares of the companys stock after selling 69,650 shares during the quarter. Bank of America Corp DE owned about []

Bank of America Corp DE cut its position in Columbia Sportswear (NASDAQ:COLM) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 272,080 shares of the textile makers stock after selling 43,012 shares during the quarter. Bank of America Corp []

Bank of America Corp DE lessened its holdings in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 262,084 shares of the companys stock after selling 6,260 shares during the quarter. Bank of America []