Bank Of America Stock News

Some inflation risk "does not mean the investments are not worth making," BofA says, which has money for childcare, healthcare and prescription drugs.

TL Private Wealth lifted its stake in Bank of America Co. (NYSE:BAC) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,176 shares of the financial services provider’s stock after acquiring an additional 400 shares during the quarter. TL Private Wealth’s […]

Photo by Spencer Platt/Getty Images Investors'' fear over potential interest rate hikes by the Fed…

Some of Tuesday’s top business news stories: Associated Press Harris unveils plan for electric vehicle charging network, by Matthew Daly BofA CEO: Consumers spending at fastest pace he’s seen, by Ken Sweet CNN GM… The post Talking Biz News — Dec 14, 2021 appeared first on Talking Biz News .

Fund managers dashed for cash in anticipation of more aggressive Federal Reserve policy, according to the latest survey conducted by Bank of America.

Suffolk County Hispanic Business Strategies program offers training for minority and/or women-owned business enterprise (MWBE) certification SUFFOLK COUNTY, NEW YORK, USA, December 14, 2021 /⁨EINPresswire.com⁩/ -- Stony Brook Small Business …

Chesapeake Wealth Management lessened its position in shares of Bank of America Co. (NYSE:BAC) by 4.0% in the third quarter, HoldingsChannel.com reports. The firm owned 6,065 shares of the financial services provider’s stock after selling 250 shares during the quarter. Chesapeake Wealth Management’s holdings in Bank of America were worth $257,000 at the end of […]

TCW Group Inc. lessened its stake in Bank of America Co. (NYSE:BAC) by 3.4% during the third quarter, Holdings Channel reports. The firm owned 27,386 shares of the financial services provider’s stock after selling 970 shares during the period. TCW Group Inc.’s holdings in Bank of America were worth $1,163,000 as of its most recent […]

Bank of America Corp DE decreased its stake in Merck & Co., Inc. (NYSE:MRK) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,286,161 shares of the company’s stock after selling 1,652,696 shares during the period. Bank of America Corp DE’s holdings in […]

Bank of America started coverage on shares of Tata Motors (NYSE:TTM) in a research note released on Monday morning, The Fly reports. The brokerage issued a neutral rating on the stock. A number of other brokerages also recently weighed in on TTM. Morgan Stanley raised shares of Tata Motors from an equal weight rating to []

Bank of America Chairman and CEO Brian Moynihan says consumers are spending “at a faster rate” than he’s ever seen before, raising concerns about how inflation and supply-chain issues will influence the economy going into the winter season. In…

Key Events This Week: Central Banks Galore, Retail Sales In Store, PMIs And PPIs In the last busy week of the year, which sees no less than 20 central bank announcements, the Feds decision on Wednesday will be the focal point of the week. In terms of what to expect, DB''s Jim Reid writes that the bank''s US economists anticipate a doubling in the pace of tapering, which would bring the monthly drawdown of Treasury and MBS to $20bn and $10bn per month respectively (this is in line with what both Goldman and Morgan Stanley expect ). That would see the process of tapering conclude in March, giving them greater optionality for an earlier liftoff. Bear in mind that this meeting will also see the release of the latest dot plot, as well as the projections for inflation, growth and unemployment. On that, DB economists see the median dot in 2022 likely showing two rate hikes, with risks of more, up from September when only half the dots saw any hikes by the end of 2022. The ECBs decision will then follow on Thursday, with economists noting that until the arrival of the Omicron variant, the ECB appeared on track to initiate a transition to a monetary policy stance based more on policy rates and rates guidance and less on liquidity provision.

Daimler Truck surged 9% on Monday, its second day of trade following the spinoff from Daimler . JPMorgan started coverage with a 48 price target, with a valuation based on how Volvo Trucks trades, as well as large cost-cutting measures in product costs and overhead fixed costs that should lift margins and profitability. Bank of America started coverage with a 40 target, saying the index-driven overhang offers opportunity for a 30% discounted entry into the global truck market leader. 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.

Hochschild Mining (OTCMKTS:HCHDF) was upgraded by equities researchers at JPMorgan Chase & Co. from a neutral rating to an overweight rating in a research report issued to clients and investors on Monday, The Fly reports. Other research analysts also recently issued research reports about the stock. Bank of America downgraded shares of Hochschild Mining from []

The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter