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The BofA report found that payroll payments rose 1.7% in December at small businesses. Data is culled from Bank of America's business clients with less than $5 million in annual revenue.
BofA's investment banking fees jumped 18% to $1.4 billion, compared with a year earlier. Underwriting income jumped 39.7% in the quarter, while syndication fees rose 31%.
Global fund managers are shrinking their cash holdings and investing heavily in U.S. stocks, pushing a key indicator to a level that Bank of America believes could signal an impending sell-off in ...
Bank of America's survey wasn't all positive. Investors' allocation to cash dropped from 4.3% in November to 3.9% in December. The move out of cash and into stocks can indicate that the market ...
Investor allocations to U.S. equities has hit a record high this month, at the expense of European stocks, commodities and cash, according to a December survey from BofA Global Research. This ...
Bank of America's logo from 1969 to 1998 Bank of America Tower, headquarters for Bank of America's investment banking operations, seen from Bryant Park in Midtown Manhattan, in 2015 Following passage of the Bank Holding Company Act of 1956 by the U.S. Congress , [ 24 ] BankAmerica Corporation was established for the purpose of owning and ...
Bank of America warns a hot August jobs report on Friday could send the stock market lower. A big nonfarm payroll number may recalibrate rate cut expectations, affecting investor sentiment.
BofA pointed to the ballooning government debt—from 31% of GDP to 120% during that period—and the 10-year Treasury yield shrinking from 12% to 4.6% today (it’s actually 4.9% as of press time ...