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Bank of America expects home prices will climb by 4.5% this year and then by another 5% in 2025 before eventually dipping by 0.5% in 2026. ‘Lock-in effect’ could persist for eight years
With supply still constrained and demand still elevated from the pandemic-induced shock, BofA expects home prices to jump 4.5% in 2024 and 5% in 2025, before finally cooling off with a 0.5% uptick ...
Tesla most recently shared that a fleet of driverless vehicles should begin to hit markets as soon as 2025 or 2026. Tesla stock has surged over 1,000% over the past five years.
The Federal Reserve is likely done cutting rates amid robust economic activity, BofA analysts say. They see a hike as a more likely than a cut at this point, and lay out what it would take to get one.
The Bank of America economics team projects the US economy will grow at an annualized rate of 2.4% in 2025, also higher than Bloomberg consensus forecasts for 2.1% growth.
BofA's net interest income - the difference between what banks earn on loans and pay out for deposits - rose 3% to $14.4 billion in the quarter, compared with a year earlier, driven mainly by ...
Entergy stands to gain 3.6% from current levels, based on BofA's price objective of $138 per share. That's based on a 2026 sum-of-the-parts analysis and expectations that the utility firm's 15.4 ...
New York Community Bancorp (NYSE: NYCB) is not the first bank to run into financial trouble, cut its dividend, and accept a bailout. In fact, iconic Bank of America (NYSE: BAC) did each of those ...