By Suzanne McGee (Reuters) – Value stocks offer some of the most compelling valuations in the U.S. equity market after badly lagging their growth-focused counterparts this year, Bank of America Global Research equity and quant strategist Savita Subramanian said on Wednesday. “These companies are neglected and trading at very low multiples” at present, but offer […]
(Bloomberg) — A Federal Reserve interest rate cut could be a signal of trouble for the economy, according to Bank of America Corp. strategists. Most Read from Bloomberg US equities have been rallying since October as the economy and company earnings held up despite the higher-for-longer rates environment. Investors are hoping the US central bank […]
(Bloomberg) — The rally in global equity markets is at risk of overheating, according to Bank of America Corp. strategist Michael Hartnett. Most Read from Bloomberg The bank’s so-called global breadth rule shows that about 71% of equity indexes are trading above both their 50- and 200-day moving averages. A reading above 88% would trigger […]
(Bloomberg) — Bank of America Corp.’s Savita Subramanian is the latest equity strategist to ratchet up her target for the S&P 500 Index to among the highest on Wall Street after this year’s rally left forecasters blindsided. Most Read from Bloomberg Subramanian now expects the benchmark to end the year at 5,400, compared with her […]
Investors will be looking for insights into how Bank of America is managing its loan book and a slowing economy when the company reports its financial results before the start of trading on Friday. Analysts expect the bank to post a fiscal fourth-quarter profit of $4.44 billion, or 55 cents a share, on revenue of […]