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BK OF AMERICA CORP (BA-C.BA)
Chart Events
Performance Outlook
| Previous Close | 5,720.50 |
| Open | 5,710.00 |
| Bid | 5,541.00 x 0 |
| Ask | 5,552.50 x 0 |
| Day's Range | 5,523.00 - 5,710.00 |
| 52 Week Range | 118.40 - 5,710.00 |
| Volume | |
| Avg. Volume | 0 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
India's bluechip Nifty index to snap seven-yr winning run -BofA Global Research
BofA cut its year-end target for the Nifty by 8.3% to 18,000, implying a 0.6% drop for the year after seven straight years of gains of 3%-29%, and underperforming other emerging markets and debt, the brokerage said in a note on Monday. The Nifty has fallen about 6% so far this year to just below 17,100 points and BofA Global expects the index to trade between 16,000 to 18,000 for the rest of the year due to the volatility unleashed by the global banking crisis. Indian companies' earnings growth estimates for the next two fiscal years could be halved due to tightening U.S. monetary policy, warmer weather affecting the recovery in rural demand, peaking urban demand and rising deposit rates, analysts led by Amish Shah said.
- Reuters
Investors pile into cash but "no equity capitulation" - BofA
Cash funds saw a "huge" inflow of $112.7 billion in the latest week, BofA said, citing EPFR data. The data includes flows in the days after the collapse of Silicon Valley Bank last Friday. Since then, markets have been roiled, but fears have somewhat receded after a series of lifelines for struggling banks helped restore some investor confidence.
- Reuters
Investors pull cash from classic risk plays as Fed rate picture shifts
Investors turned more cautious in the week to Wednesday, according to data from Bank of America, as a run of data prompted many to raise their forecasts for how high the U.S. Federal Reserve will take interest rates. BofA Global Research's weekly "Flow Show", released on Friday, showed the largest outflows from technology funds since September, the largest outflows from emerging market debt funds in 14 weeks, and the largest outflows from junk debt funds in eight weeks.
