BofA lifts 2024 S&P 500 profit forecast as AI enters 'virtuous cycle'
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BofA equity client flow trends: 'Outsized' communication services inflows continue
March 12, 2024 11:01 AM EDTIn its equity client flow trends note to clients this week, BofA analysts said there were continued stock and ETF inflows last week, with the firm's clients net buyers of US equities for a fourth week.
According to Bank of America, clients bought both single stocks and ETFs,... More
TikTok ban: 5 reasons why this analyst thinks nothing will happen before elections
March 12, 2024 9:30 AM EDTOver the past week, a new legislative proposal to ban TikTok unless ByteDance divests its US operations has rapidly gained momentum on Capitol Hill. However, analysts at Wolfe Research are skeptical the bill will be enacted anytime soon.
The firm's view, provided in a note to clients this week, comes despite the bill being scheduled for a House floor vote tomorrow and the fact they "fully expect the House will pass the bill by large... More
