Bank Of America Stock News

Avalanche price predictions continue to heat up as analysts at Bank of America endorse the AVAX crypto''s speed and scalability.

Braskem S.A. (NYSE:BAK) shares gapped up prior to trading on Wednesday . The stock had previously closed at $18.25, but opened at $18.97. Braskem shares last traded at $18.85, with a volume of 5,035 shares trading hands. A number of analysts recently commented on the stock. Bank of America assumed coverage on shares of Braskem []

Vaughan Nelson Investment Management L.P. bought a new stake in shares of Bank of America Co. (NYSE:BAC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,047 shares of the financial services providers stock, valued at approximately $129,000. Other large investors have []

Big Disappointment In US (Nominal) Retail Sales For November After October''s big upside surprise print, US retail sales are expected to slow their roll a little - but still rise for the 3rd straight month (and BofA is in line with consensus). Analysts were right on direction but significantly wrong on amplitude as headline retail sales rose just 0.3% MoM (well below the +0.8% MoM expected) Source: Bloomberg Core retail sales also missed (ex-autos and ex-autos-and-gas). The softer-than-expected report may reflect the pulling forward of holiday sales as many Americans, aware of supply-chain slowdowns, shopped earlier than usual. Or, as Bank of America noted last week, consumers have started to react to the Omicron variant. Total airlines spending slipped noticeably to -15% on a 2 year basis, down 13% from the prior week. The weakness seems to be driven by cancellations of international trips: indeed, BofA found a meaningful pick up in refunds from non-US carriers and little change in refunds from domestic carriers.

The brokerage said elections in key states, including Uttar Pradesh, will be influencing economics in the new year, pointing out that a total of seven states go to polls.

Bank of America Corp DE increased its stake in Carrier Global Co. (NYSE:CARR) by 210.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,783,530 shares of the companys stock after purchasing an additional 16,122,688 shares during the period. Bank of America Corp []

Bank of America Corp DE lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,919,630 shares of the companys stock after purchasing an additional 177,994 shares during the quarter. []

Bank of America Corp DE lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,905,163 shares of the pipeline companys stock after selling 3,061,690 shares during the quarter. Bank of America Corp DEs []

The head of UOB Private Bank has left after seven years with the Singaporean wealth manager. Ong Yeng Fang has resigned from UOB Private Bank after first joining more than seven years ago from Julius Baer in 2014. A spokesperson for the bank confirmed the exit. Ong has more than 30 years of banking experience, around half of which has been in private banking. In addition to UOB Private Bank and Julius Baer, she also worked at Bank of America Merrill Lynchs wealth arm for three years as a managing director. Previously, she also spent 17 years with DBS corporate and investment banking unit. In the first half of 2021, UOBs assets under management for high affluent clients which includes private banking clients increased 7 percent to S$137 billion ($100 billion).

Grupo Santander downgraded shares of Braskem (NYSE:BAK) from a buy rating to a hold rating in a report published on Tuesday morning, The Fly reports. Grupo Santander currently has $20.00 target price on the stock. A number of other analysts also recently issued reports on BAK. Bank of America initiated coverage on Braskem in a []

SPX FLOW (NYSE:FLOW) was downgraded by Robert W. Baird from an outperform rating to a neutral rating in a report issued on Monday, The Fly reports. Several other research firms have also issued reports on FLOW. Bank of America started coverage on shares of SPX FLOW in a research report on Monday, September 27th. They []

Bank of America is debuting a luxury credit card called the Bank of America Premium Rewards Elite card, CNBC reported. The card was rolled out Nov. 22. Some of its features include a $550 annual fee and double points on travel and dining and 1.5X points on other eligible purchases, according to the report. There []

Bank of America Global Research: "As the year-end holiday period approaches, we caution investors on the potential widening of FX spot bid/ask spreads in the last week of December. Using hourly WM/Reuters bid/ask FX spot data from 2014 to 2020, we find bid/ask spreads historically widened

CNBC Television published this video item, entitled “Fed … Read more