Page 2 - Bank Of America

Strongest dollar in a generation upends global economy, devalues currencies

The greenback is affecting everything from cost of an overseas vacation to profitability of MNCs

India's current account deficit likely to touch $105 bn this fiscal: Report

In the report on Tuesday, Bank of America (BofA) Securities revised upwards its Current Account Deficit (CAD) forecast by 0.4 percentage points for this financial year.

India better placed to avoid stagflation risk, says RBI report

Paints an encouraging picture of economic activity gaining strength, with most GDP constituents exceeding their pre-pandemic levels

Growth optimism sinks to a record low, says Bank of America survey

Global profit expectations also dropped to 2008 levels

Mittals looking to raise $2 bn to buy portion of Singtel stake in Airtel

As per a media report, Mittals are in talks with some major banks like BNP Paribas, Bank of America, Citibank, JPMorgan, and Standard Chartered to raise over $2 billion

Warren Buffett to auction off one last private lunch for charity

Buffett, Berkshire Hathaway's CEO, held the lunch auction once a year for 20 years before the pandemic began to raise money for the Glide Foundation, which helps the homeless in San Francisco

S&P 500 inches higher as strong BofA results offset tech weakness

Twitter slips despite adopting 'poison pill'; Bank of America boosts S&P 500 after earnings; Didi to meet on US delisting plans, shares plunge

Bank of America beats Q1 profit estimates on strength in consumer lending

The bank reported a 9% rise in consumer banking revenue to $8.8 billion in the quarter ended March

Jan/Feb market sell-off was an just an appetizer: BofA Securities survey

Global growth optimism, according to the survey findings, was at an all-time low, with recession fears surging in the world's investment community.

HP stock jumps nearly 18% after Warren Buffett's company buys over 11%

Berkshire Hathaway Inc said in a filing with the Securities and Exchange Commission that it now owns nearly 121 million HP shares, giving it control of 11.5% of the company

India Inc raises a record green capital of $19 billion in 2021

India Inc has raised a record USD 19 billion in green capital in 2021, led by Wall Street major Bank of America, which is only a fraction of the USD 1 trillion that global corporations raised in green financing in the year. While corporate India raised USD 19 billion in green capital in 2021, Bank of America participated in USD 15.65 billion. Globally, the Wall Street major was part of a fourth of the USD 1-trillion green funding drive, helping mop up USD 250 billion, the bank said. In the country, it was part of the eight deals/issuers worth USD 15.65 billion, which included loans, M&As, debt capital and equity capital market funding, it added. It can be noted that BofA had in April 2021 set a target of helping mobilise USD 1.5 trillion in sustainable financing by 2030 and also announced its exit from funding carbon-based companies. Comparative numbers are not available as the lender has not been categorising fund-raise differently. The biggest domestic issuer was the USD ...

With Citi deal, life has come full circle for Axis Bank's Amitabh Chaudhry

In all likelihood, he would have worn a broad grin; and asked them to get behind their desks. A confirmed workaholic, Axis Bank's boss is not known to suffer fools gladly

Ukraine war lifts default risk for world's fragile economies

Worries over whether Russia would deliver on its interest payments this month are leading investors to consider who else is at risk of failing to pay

Ukraine crisis: Fund managers now see equity bear market in 2008-like gloom

This is the takeaway of the latest Bank of America Corporation monthly global fund manager survey conducted in the week through March 10

BofA revises Nifty target from 19,100 to 17,000 citing rate hike risks

Note says market valuation shrinks if it is above long-term averages before the start of the hike cycle

Goldman Sachs predicts Fed will raise rates five times this year

Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five

Nifty to hover around 19,100 by December 2022, says Bank of America

India is expected to incur a capital expenditure of $395 billion towards de-carbonisation from 2020-2030

BofA expects 8.2% GDP growth for India in FY23 with more downside risks

The biggest risk to the projection is a derailed consumption demand that has been the main growth driver in the past many years, said the Bank of America Securities India house economists

India's GDP to grow 8.2% in FY23, RBI to hike rates by 100 bps: BofA

The low vaccination rates and the emergence of the Omicron variant were flagged as factors by the brokerage that are creating 'considerable uncertainty' for India's growth

BofA fund manager survey least bullish since Oct 2020, cash at 12-mth high

Finds investors are increasingly worried about global growth expectations, stagflation and China