Bank Of America Stock News

JPMorgan Warns S&P Fair Value Is 2,500 If Inflation Shocks Do Not Fade Away Last week, when discussing the latest Bank of America Fund Manager Survey, we pointed out that yet another paradox had emerged: on one hand, Wall Street professionals were the most overweight stocks since 2013, while on the other virtually nobody was expecting a stronger global economy in the future, an unprecedented divergence between these two data sets the likes of which has never once been seen in survey history. How does one make sense of this historic gap? Well, one doesn''t - this is just Wall Street goalseeking any and all scenarios to make it seems that being all in risk is the only possible trade, and the only way this particular goalseek does not blow up is if the finance bros also "believe" that inflation is transitory (something not even the Fed is doing anymore), as a persistent inflation would lead to a painful repricing of all asset classes sharply lower. That''s why despite sharply higher than expected October inflation data, a majority of FMS investors acknowledge that inflation is a risk but only 35% think it is permanent while 61% think it is transitory ...while a net 14% of investors now expect global inflation will be lower, the lowest level since the onslaught of COVID-19 in Mar20.

Wesbanco Bank Inc. lowered its holdings in shares of Bank of America Co. (NYSE:BAC) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,086 shares of the financial services providers stock after selling 529 shares during the quarter. Wesbanco Bank Inc.s holdings []

Matthew Goff Investment Advisor LLC lifted its stake in shares of Bank of America Co. (NYSE:BAC) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 418,143 shares of the financial services providers stock after buying an additional 2,105 shares during the period. Bank of America accounts for about 4.4% of Matthew Goff []

Virtu Financial LLC purchased a new stake in Latch, Inc. (NASDAQ:LTCH) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,673 shares of the companys stock, valued at approximately $241,000. Other hedge funds also recently modified their holdings of the company. Bank of America []

NVIDIA (NASDAQ:NVDA) had its price target lifted by Bank of America from $340.00 to $375.00 in a research note published on Thursday morning, Analyst Ratings Network reports. The firm currently has a buy rating on the computer hardware makers stock. A number of other analysts have also issued reports on the company. Piper Sandler increased []

Bank of America Corp DE lessened its holdings in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 47.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 231,794 shares of the companys stock after selling 210,037 shares during the quarter. Bank of America Corp DEs holdings in Stitch Fix were worth $13,977,000 as of []

Bank of America Corp DE grew its position in iShares Morningstar U.S. Equity ETF (NYSEARCA:JKD) by 306.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,333 shares of the companys stock after acquiring an additional 178,255 shares during the quarter. Bank []

Bank of America Corp DE grew its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 36.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844,834 shares of the transportation companys stock after purchasing an additional 224,842 shares during []

Bank of America Corp DE decreased its holdings in shares of Independent Bank Group, Inc. (NASDAQ:IBTX) by 10.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 197,920 shares of the banks stock after selling 22,441 shares during the period. Bank of America Corp DE owned approximately []

Bank of America Corp DE raised its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 141,520 shares of the financial services providers stock after buying an additional 5,279 shares during the period. Bank of America Corp DEs holdings in Walker & Dunlop []

Bank of America Corp DE lifted its stake in shares of Forterra, Inc. (NASDAQ:FRTA) by 45.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 654,534 shares of the construction companys stock after purchasing an additional 203,697 shares during the period. Bank of America []

Bank of America Corp DE decreased its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,833 shares of the companys stock after selling 17,066 shares during the quarter. Bank []

Bank of America lowered shares of MGIC Investment (NYSE:MTG) from a buy rating to a neutral rating in a report published on Wednesday, Price Targets.com reports. The firm currently has $16.50 price objective on the insurance providers stock, up from their previous price objective of $16.00. A number of other research analysts have also weighed []

Cintas Co. (NASDAQ:CTAS) shares hit a new 52-week high on Friday . The company traded as high as $450.91 and last traded at $442.77, with a volume of 1892 shares trading hands. The stock had previously closed at $442.78. A number of brokerages recently weighed in on CTAS. Bank of America lifted their price objective []