Bank Of America Stock News

Bank of America''s (BAC) board approved a $32M compensation package for 2021 for CEO Brian Moynihan, up 31% from the $24.5M he received for 2020.The company said independent members of

ManTech International (MANT) neared session highs, up 6.3%, after getting a double upgrade to buy from sell at BofA after a report that the company''s co-founder is exploring options for…

Bank of America (NYSE:BAC) declares $0.21/share quarterly dividend, in line with previous.Forward yield 1.79%Payable March 25; for shareholders of record March 4; ex-div March 3.See BAC

Lithium stocks have become increasingly popular over the years as the electric vehicle trend has really taken off. One top analyst is growing more bullish on two of these stocks.

Did Powell Just Burst The ESG Megabubble Over the past few years we have been quite vocal in our disdain for the widespread virtue-signaling scam that is ESG: Behold The "Green" Scam: Here Are The Most Popular ESG Fund Holdings ESG Investing The Great Wall Street Money Heist More ESG Fraud: BofA Finds That Tech Is One Of The Dirtiest Industries SEC Cracks Down On "Dubious" ESG Labels Tied To $35 Trillion In Assets Wall Street ''Wins'' Again As ESG Scam Infiltrates Retirement Plans Well, we are happy to report that a silver lining of the recent market crash, or as DB''s Jim Reid puts it, "one of the side effects of the hawkish pivot from the Fed in 2022, that continued this week" is that it could finally crack the facade of ESG and make January a catastrophic month for ESG investors; this is shown in Reid''s Chart of the Day which lays out the 1-month rolling difference between S&P 500 Energy sector returns and the NASDAQ. Clearly this is a very crude measure of ESG under-performance but the nature of the US market means that ESG funds in the US market are very tech heavy.

BofA: Fed Will Push Until The Market Breaks, And This Is The Best Indicator Of The Coming Crisis One week after Bank of America''s uber-bearish strategist Michael Hartnett warned that " Nasdaq 14000 a supremely important level to hold in Q1 ", or else the market gets it ... the market "got it", with the resulting violent spasms sending volatility shockwaves across the globe, sending the Russell into a bear market, the Nasdaq into a deep correction (and almost a bear market), the S&P lower by 10%, while volatility has evaporated to levels last seen during the March 2020 crash when the Fed had to inject $5 trillion in immediate liquidity to avoid a total systemic collapse. And while it may not have felt like it, the moves below the surface have certainly been crashy with 42% of MSCI indices trading below their 50 & 200dma this week, although we are a long way from a confirmed buy signal which requires 88% of indices to be technically oversold. For that to happen, the following levels need to crack according to BofA: IBOV <100k, FTSE <7200, TSX <20k Of course, despite the feigned outrage, there is nothing "shocking" about the market''s reaction to a Fed that has suddenly turned hostile, with many wondering if the Fed''s put has become a Fed call: as Hartnett - who correctly predicted everything that is happening in his series of notes focusing on the "rate shock" of 2022 - writes in his latest Flow Show, markets are not so strange after all: the inflation shock" of H220 has been followed by "rates shock" in H122 which likely followed by "growth shock" H222; the sequence by which markets are discounting monetary tightening is quite normalEM, then long-duration assets, then speculative assets, now more mainstream assets.

Federal Reserve watchers are quickly ramping up and revising forecasts on how many interest rate hikes they anticipate this year after the central bank doubled down on plans to tighten policy and rein in inflation.

Bank of America Global Research released their stock ratings and price targets for 15 biopharmaceutical companies as part of their recent report titled 4Q21 Biopharma Preview - What We Think Will Matter. Of these 15, BofA cited Pfizer and BioMarin as being positioned particularly strongly as earnings season starts to kick off.

Recession On Deck? BofA Slashes GDP Forecast, Sees "Significant Risk Of Negative Growth Quarter" With a panicking Biden likely to continue freaking out over soaring inflation, and calling Powell every day ordering the Fed chair to do something about those approval rate-crushing surging prices… ... which in turn has cornered Powell to keep jawboning markets lower, with threats of even more rate hikes and even more price drops until inflation somehow cracks (how that happens when it is the supply-driven inflation that remains sticky, and which the Fed has no control over, nobody knows yet) we recently joked that the market crash will continue until Biden''s approval rating raises. Stocks will keep crashing until Biden''s approval rating rises — zerohedge (@zerohedge) January 26, 2022 Sarcasm aside, we are dead serious that at this point only the risk - or reality - of a recession can offset the fear of even higher prices. After all, no matter how many death threats Powell gets from the White House, he will not hike into a recession just because Biden''s approval rating has hit rock bottom.

Wall Street Banks Award Billions More In Bonuses To Top Earners Regular Americans struggling to make ends meet as inflationary pressures drive prices higher on everything from fast food to cars to rent are seeing wages rising thanks to a labor crunch that we have discussed in more detail here. Unfortunately for many, rising wages still aren''t enough. But bankers aren''t having that problem. From Wall Street to Europe and beyond, bankers have been lavished with massive bonuses following the dealmaking bonanza of the last two years. And over the last day or so, we have seen a flurry of headlines in the financial press touting new bonus packages at BofA, Deutsche Bank and Goldman. Bloomberg reported yesterday that Bank of America had decided to take a $1 billion pool of company shares and use it to distribute bonuses to nearly all of the bank''s employees. 97% of the bank''s workforce is eligible: The incentive, to come on top of regular compensation, goes to staff who earn as much as $500,000 a year, according to a memo from Chief Executive Officer Brian Moynihan.

While many Wall Street banks have been boosting pay of junior bankers to hold onto talent, of course the senior bankers aren''t being left behind. Bank of America (BAC) is raising

Citi, Goldman, JPMorgan Urge Investors To BTFD Is the worst behind us? According to strategists from Goldman Sachs, Citi, JPMorgan, and BofA (selectively), it is time to buy-the-f**king-dip. The market is experiencing a correction within an ongoing bull market cycle according to Goldman''s Peter Oppenheimer Any further significant weakness at the index level should be seen as a buying opportunity, in our view, The key thing for equities from here is how much any of this shift upward in interest rate expectations and indeed in financial conditions will hit growth, Goldmans Oppenheimer said in an interview with Bloomberg Television. Thats going to be key to determine where equity markets stabilize. Specifically, Goldman notes that their Risk Appetite Indicator (GSRAII) has fallen back, suggesting we are getting closer to levels that have typically been a good entry point for longer-term investors. Goldman warns that the biggest risk is that high valuations will continue to unwind should real rates rise much further, but they note the crucial determinant is what is happening to growth .

Bank of America Corp. is paying special compensation awards, mostly in the form of restricted units, for the fifth year in a row, according to a report by Reuters citing an internal memo from CEO Brian Moynihan. It''s the first year the bank will issue stock awards to employees making less than $100,000, the report said. The combined value of the awards is $1 billion and reflects the 47% gain in Bank of America stock in 2021. Aimed at employees with up to $500,000 in annual salary, the bank will provide between 65 and 600 restricted units of Bank of America stock per employee. The units will start vesting in 2023. Some part-time employees and workers in international offices will receive $750 in cash. Shares of Bank of America are up 2% in 2022, compared to a drop of 8.6% by the S&P 500. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Bank of America upgraded its rating on pharma and biotech company Moderna from underperform to neutral along with a new price target of $180 (up from $135) according to a recent BofA Global Research report. BofA cited a more reasonable valuation that has come about as being the main reason for the upgrade.

"We screen for Buy-rated stocks that have underperformed the S&P 500 [year-to-date], offer higher Free Cash Flow to Enterprise Valueand are labor-light relative to sector peers," said Bank of America.