Bank Of America

Gamestop Stock: Next Stop, $2.50?

GameStop (NYSE: GME) is a sinking retailer stock looking for a floor, and at least one Wall Street pro thinks the near-term bottom will be even lower than where the shares are now. Bank of America Merrill Lynch analyst Curtis Nagle is slashing his...
Related topics: US Equity Markets, Banking, Merrill Lynch

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These 12 Internet Stocks Are In The Best Position To Survive A Recession, According To Bank Of...

A growing number of economists are predicting the US will slip into a recession by the end of 2021 amid signs of slowing growth around the world and trade uncertainty.  Analysts at Bank of America Merrill Lynch put together a list of internet...
Related topics: Banking, Merrill Lynch

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Stock Market News For Aug 19, 2019

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C): Free Stock Analysis Report Bank of America Corporation (BAC):...
Related topics: Citigroup, Citi, Banking

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It's Official: Trump Makes First Demand For Fed To Restart Qe, Urges 100bps Rate Cut

One week ago, when we discussed that as a result of the accelerated rebuild of cash by the US Treasury, first Bank of America, then JPMorgan suggested that the Fed may be forced to restart QE soon as a result of the upcoming sharp drop in liquidity,...
Related topics: Fed, Banking, J.P. Morgan Chase & Co.

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The Surprising Industry The U.s.-china Trade War Could Throttle

The writing would appear to be on the wall: A recession may be coming.Earlier this week, researchers at Goldman Sachs lowered their forecasts for fourth-quarter U.S. GDP growth by 20 basis points to 1.8%, while economists at Bank of America/Merrill...
Related topics: China, Goldman Sachs, Banking, Merrill Lynch

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Is This Why Btfd No Longer Works

One week ago, Bank of America said that its "buy-the-dip" trading rule (first introduced in 2016 and designed to demonstrate how unusually fast markets were rebounding from selloffs) was triggered for the second time this year as the S&P declined...
Related topics: Banking

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Forget Aurora Cannabis, A Top Analyst Says Buy These 5 Pot Stocks Instead

Not long ago, Aurora Cannabis (NYSE: ACB) ranked as the darling of Wall Street analysts. But analysts can be quite fickle. Bank of America Merrill Lynch's Christopher Carey downgraded Aurora from buy to neutral in July. Now another top analyst has...
Related topics: US Equity Markets, Banking, Merrill Lynch

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Why Shares Of Citigroup And Other Big Banks Are Down Today

Shares of Citigroup (NYSE: C), as well as other megabanks including Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE: JPM), traded down about 5% each on Wednesday, trailing the S&P 500 on what has been a miserable day for stocks. Investors...
Related topics: Citigroup, Citi, Banking, US Equity Markets, J.P. Morgan Chase & Co.

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Recession Fears Just Hit An 8-year High For The Biggest Investors On Wall Street

The percentage of large fund managers expecting a recession in the next 12 months just hit an eight-year high, relative to those who think one is unlikely, according to Bank of America Merrill Lynch's latest survey.Investors are bullish on interest...
Related topics: Banking, Merrill Lynch, Polls

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Stock Market News For Aug 13, 2019

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Bank of America Corporation...
Related topics: J.P. Morgan Chase & Co., Banking

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Mall Landlords Are Turning Into Payday Lenders For Their Tenants

Things are going so bad at America's malls that landlords are no longer just offering rent reductions, they’re becoming payday lenders to tenants that are trying to stay afloat. Boutique bank PJ Solomon has even organized discussions with several...
Related topics: Banking

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Just In: Wall Street Banks Give Congress, Corrupt New York Ag Thousands Of Trump Financial Documents

Several Wall Street banks have handed over thousands of Trump’s financial documents to Congress and the corrupt New York Attorney General Letitia James as part of another abusive congressional probe. Bank of America, Deutsche Bank, JP Morgan...
Related topics: Deutsche Bank, J.P. Morgan Chase & Co.

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Bank Of America Warns China's Purchases Of Iranian Crude Could Trigger Oil Market Crash

In the latest round of hostilities between the world's two biggest economies, Washington announced new tariffs on another $300 billion worth of Chinese goods, while Beijing asked state-owned companies to halt imports of US farm products and devalued...
Related topics: Banking, China, Beijing

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Bank Of America: "what Trump Did Is A Game Changer"

For the past year, one of the points of biggest contention among economists and traders is that despite what is now a 1+ year trade war with China, inflation due to higher tariffs has been strangely missing, with some claiming that the goods...
Related topics: Banking, China, Inflation

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The Zacks Analyst Blog Highlights: Jpmorgan, Bank Of America, Pnc Financial, Commerce Bancshares...

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report The PNC Financial...
Related topics: J.P. Morgan Chase & Co., Banking

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Fed Cuts Rates: Are Bank Stocks Still Worth Betting On?

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report The PNC Financial...
Related topics: Fed, Banking

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Berkshire Hathaway Q2 Earnings Preview: Here's What To Expect

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wells Fargo & Company (WFC): Free Stock Analysis Report Bank of America Corporation...
Related topics: Berkshire Hathaway, Wells Fargo, Banking

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Your Last Minute Fomc Preview: Here Is What The Fed Will Say Today

The FOMC will almost certainly cut the funds rate by 25bps to 2.00-2.25% today at 2pm. Whereas banks such as Goldman, BofA and Deutsche Bank expect a 25bp move - because virtually all of the signals from the committee point that way - there are...
Related topics: FOMC, Fed, Banking, Deutsche Bank

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Why Warren Buffett Doubled Down On Bofa Even More Over Wells Fargo

Warren Buffett is buying even more Bank of America shares even after a big rally, and the purchases appear to be at the expense of Wells Fargo (and maybe even JPMorgan Chase).
Related topics: Warren Buffett, Wells Fargo, Banking, J.P. Morgan Chase & Co.

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Aurora Cannabis' Big, Scary Number That Should Make Investors Nervous

Some investors might be leery of Aurora Cannabis (NYSE: ACB) right now -- even those who cheered for the stock earlier this year. You can count Bank of America Merrill Lynch analyst Christopher Carey in that group. After recommending Aurora in...
Related topics: US Equity Markets, Banking, Merrill Lynch

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