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Nalezeno "BofA": 44

Bank of America Predicts Bullish Trend for Silver, Prices to Hit $35/oz by 2026

18.6.2024
Bank of America (BOFA) forecasts a bullish trend for silver, anticipating an increase in prices through the latter half of 2024 into 2025. BOFA analysts project silver prices to average $35/oz by 2026, compared to the current spot price of $29.19/oz. This optimistic outlook is driven...

'Long Big Tech' Remains the Most Crowded Trade, BofA Fund Manager Survey Shows

20.10.2023
This has repercussions for the crypto market, not necessarily good ones, one observer said

Coinbase CEO Brian Armstrong Asks Twitter Followers if Their BofA Accounts Were Closed Because of Crypto Transactions

13.7.2023
The Coinbase CEO created a Twitter poll posing the question, and a whopping 9% of respondents said “yes.”

Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

18.5.2023
Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves for a potential credit crunch and a recession....

Bank of America: Threats to US Dollar’s Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan

9.5.2023
Bank of America has warned that the key threats to the U.S. dollar’s dominance are largely domestic, as opposed to competition from other currencies, including a BRICS currency. “U.S. fiscal brinkmanship, with risks for government shutdown, or even worse a default, keeps coming up during debt...

Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023

28.4.2023
A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the $2,000 threshold. However, if it were to achieve...

Bank of America Sees Support for Bitcoin Rally as Personal Wallet Hoarding Increases

12.4.2023
As investors are intensifying their efforts to move crypto to personal wallets, market observers interpret the latest trend as an indication of a lower ‘sell pressure’ on bitcoin (BTC), according to a recently drafted note by analysts from Bank of America (BofA). ... Read More: Bank of America Sees...

Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand

5.3.2023
Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that...

Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan

8.2.2023
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise...

Bank of America: ‘Digital Currencies Appear Inevitable’

22.1.2023
Bank of America says “digital currencies appear inevitable,” adding that central bank digital currencies (CBDCs) and stablecoins are “a natural evolution of today’s monetary and payment systems.” The bank expects “private sector beneficiaries to emerge in...

BofA: Don’t Tarnish Blockchain Technology With Speculative Crypto Trading

18.11.2022
The development of applications leveraging distributed ledger and blockchain technology continues to advance, the report said

Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA

25.10.2022
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote

Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists

24.10.2022
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew...

Meta Downgraded by BofA to Neutral From Buy Partly on Metaverse Concerns

24.10.2022
Investment in the metaverse will remain an overhang on the stock, the report said

Bitcoin Stuck in a Rut as BofA Survey Reveals 'Long Dollar" is Most Favored Trade

19.10.2022
Bank of America's October survey of fund managers showed the "long dollar" as the most sought after bet for the fourth straight month

Bank of America’s Survey of Wealthy Americans: Younger People Are 7.5 Times More Likely to Hold Crypto in Their Portfolios

16.10.2022
Bank of America has found that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than investors aged 43 and older. “If the youngest cohort isn’t confident in stocks, where do they see opportunities for investment growth? Alternatives, including...