Bank Of America Stock News

© Reuters. BofA, Goldman Stick to Fed Forecasts Even as Traders Trim Bets (Bloomberg) — Wall Street’s biggest banks are sticking by their calls for as many as seven Federal Reserve interest-rate hikes this year even as traders and some of their peers ratchet back expectations. Bank of America Corp (NYSE:). and Goldman Sachs Group …

Wall Street’s biggest banks are sticking by their calls for as many as seven Federal Reserve interest-rate hikes this year even as traders and some of their peers ratchet back expectations.

Stocks that traded heavily or had substantial price changes Tuesday: J

With the Federal Reserve expected to embark on its first round of interest rate hikes this month, questions remain as to whether the growth seen in homebuilding can be sustained. Bank of America, however, now has a positive outlook on homebuilders per a recent BofA Global Research report.

Bank of America screened for S&P 500 companies with direct sales exposure to Russia.

Financial stocks were some of the biggest losers on Tuesday, with Bank of America down 1.9%, Citigroup off 1.8% and Charles Schwab lower by 3%.

Bank of America will roll all of its product lines into one unified app that is slated to roll out in December 2022.

U.S. stocks slipped on the first day of March as oil prices surged and investors continue to monitor the fighting between Russia and Ukraine. The Dow Jones Industrials retreated 80.76 points Tuesday to 33,811.84 The S&P 500 inched forward 0.27 points to 4,374.21 The NASDAQ Composite Index added 12.48 points to 13,763.88. The decline in stocks came as satellite cameras captured a convoy of Russian military vehicles apparently on its way to Kyiv, the Ukrainian capital. The continued aggression from Russia pushed energy prices higher. West Texas Intermediate crude futures jumped 5% on Tuesday morning, breaking above $101 per barrel and hitting its highest level in seven years. Financial stocks were some of the biggest loses on Tuesday, with Bank of America down 1.9%, Citigroup off 1.8% and Charles Schwab lower by 3%. Some of the early stock losses were offset by strong Target earnings, as the Big Box retailer posted profit of $3.19 a share that was well ahead of Wall Street estimates. Shares jumped nearly 12%.

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Pulte, Toll Brothers Gain on Double Upgrade from BofA

Bank of America reiterated a positive view on Starbucks on its view the long-term strength should not be overlooked due to the COVID-driven near-term weakness in China. Read more.

Bank of America is betting big on two homebuilders with two double upgrades.

Bank of America Corporation with ticker code (BAC) have now 25 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 64 and 35 and has a mean target at 50.07. Given that the stocks previous close was at 43.6 this would imply there is a potential upside of 14.8%. The 50 day moving average now sits at 46.35 and the 200 moving average now moves to 43.5. The company has a market cap of $368,447m. You can visit the company''s website by visiting: https://www.bankofamerica.com [stock_market_widget type="chart" template="basic" color="green" assets=BAC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $423,123m based on the market concensus. Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Still, crypto-market upside likely to be limited for the next six months by Fed tightening, macro headwinds.

Bank of America screened for stocks that could benefit from 10 scarcity themes, ranging from freshwater to increasing healthcare demands from an aging population. All the stocks have…