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BofA's Savita Subramanian says she sees too much euphoria in a popular market group
Youtube· 2026-01-29 02:45
Market Overview - The market is experiencing a broadening trend, with the S&P equal-weighted index outperforming the cap-weighted benchmark and small caps showing a comeback [2] - Current sentiment in the market has shifted dramatically, with a notable change from a pessimistic outlook to a more optimistic one, particularly regarding stocks and crypto [10] Sector Analysis - Consumer staples are identified as a sector with significant potential, despite being out of consensus bullish, as it is currently pricing in a lot of bad news [4] - The current administration's focus on affordability and domestic issues may positively impact sectors that have struggled, such as consumer staples [3] Economic Indicators - The economy is showing signs of growth, with nominal GDP running at approximately 8% and real GDP at 5%, alongside accelerating earnings growth and inflation near 2% [12] - There is a concern regarding the impact of rising interest rates on mega-cap growth companies, as they may struggle to maintain capital expenditures in a competitive environment driven by AI advancements [14] Employment Trends - A significant pause in hiring for white-collar professional services is noted, particularly affecting college graduates, who are increasingly returning to graduate school and incurring more debt [7] - The demand for new skilled labor is experiencing a slowdown, attributed to advancements in AI technology [8]
Trump Account for babies: JPMorgan, Bank of America to match $1,000 contributions for eligible employees — what we know
MINT· 2026-01-28 17:29
JPMorgan Chase & Co and Bank of America Corp on Wednesday said in separate releases that the companies will match the US government’s $1,000 “Trump Account” contributions for eligible employees whose children were born between the beginning of last year and the end of 2028.The two firms join several other corporations in announcing such a measure, with companies such as Visa Inc, Chime Financial Inc and BlackRock Inc also pledging to match the government’s Trump Account contributions, according to a CNBC re ...
Analysts Cut Bank of America (BAC) Price Targets While Staying Bullish
Yahoo Finance· 2026-01-28 17:17
Bank of America Corporation (NYSE:BAC) is one of the 11 Most Profitable Cheap Stocks to Invest In Now. On January 15, TD Cowen reduced its price target on Bank of America Corporation (NYSE:BAC) from $66 to $64 and kept its Buy rating. This update comes after the company reported Q4 2025 core earnings per share of $0.98, which was above market expectations. This beat was mainly driven by lower provisions and a slight upside in net interest income. Despite this, Bank of America Corporation (NYSE:BAC) share ...
Bank of America appoints Lo Piccolo as country head replacing Mattarella
Reuters· 2026-01-28 16:50
Bank of America has appointed Vito Lo Piccolo as country executive for Italy, an internal memo showed on Wednesday, replacing Nino Mattarella, who is retiring from the firm. ...
Bank of America Unlimited Cash Rewards Credit Card review: Get rewarded for every purchase you make
Yahoo Finance· 2026-01-28 16:45
The Bank of America® Unlimited Cash Rewards Credit Card offers a lot of potential value without a lot of complexity. You can earn unlimited flat cash-back rewards and enjoy a solid 0% APR period, with no annual fee. Learn more about all this card has to offer if you’re looking to simplify your credit card rewards: Bank of America® Unlimited Cash Rewards Credit Card Learn more Bank of America® Unlimited Cash Rewards Credit Card Annual fee $0 Welcome offer Earn a $200 online cash rewards bonus after spend ...
JPMorgan, Bank of America announce $1,000 Trump account match as corporate America support for retirement scheme deepens
Yahoo Finance· 2026-01-28 16:40
JPMorgan Chase (JPM) and Bank of America (BAC) said Wednesday morning that they will match the US government’s $1,000 contribution to so-called Trump accounts for thousands of their US employees. Trump accounts are a government program included in the One Big Beautiful Bill Act that the President signed into law last year. The tax-advantaged investment accounts are available for American children born between January 2025 and the end of December 2028 and come with a one-time $1,000 contribution from the U ...
JPMorgan And Bank Of America Will Match $1,000 Trump Account Deposits For Employees
Forbes· 2026-01-28 16:35
ToplineJPMorgan will match the government’s initial $1,000 deposit in Trump accounts for newborn children for eligible employees in the U.S., the bank said Wednesday—as Bank of America also told employees it would offer to match deposits, according to a memo.The banks follow similar pledges from other companies including BlackRock and BNY.AFP via Getty ImagesKey FactsIn a statement, JPMorgan chairman and CEO Jamie Dimon said the contributions would be part of their “long-term commitment” to their 190,000 em ...
Bank of America says it will match Treasury's $1,000 deposits in Trump accounts for employees
New York Post· 2026-01-28 16:01
Bank of America will match the US government’s $1,000 contributions to Trump accounts for eligible employees, according to an internal memo sent to staffers Wednesday morning.The bank will also let employees make pre-tax contributions to these savings accounts for kids through payroll deductions, a copy of the memo obtained by The Post showed.As of July 4, a new program approved as part of President Trump’s One Big Beautiful Bill Act will allow parents to open tax-advantaged investment accounts for kids und ...
BofA to match US government's pilot contribution to Trump Accounts, memo says
Reuters· 2026-01-28 12:18
Bank of America will match the U.S. government's $1,000 pilot contribution for all eligible U.S. employees to Trump Accounts, according to an internal memo seen by Reuters on Wednesday. ...
50万亿元存款到期!银行推广保险产品抢客
中经记者 慈玉鹏 北京报道 2026年,居民定期存款大规模到期,有机构预测规模将超过50万亿元。《中国经营报》记者采访了解 到,在存款利率下行的大背景下,2026年"开门红"期间,保险产品成为银行重点推荐的理财产品,主要 为分红险和年金险,受到客户欢迎,成为银行抢客"利器"。部分产品年化利率或达到3%以上,具体根 据市场情况或有变动。 另外,此前一个银行网点只能和1家主合作保险公司与3家辅合作保险公司合作,相当于只能卖这4家的 保险产品。而2024年5月,监管取消了该限制,打开了合作大门。 均属于长期投资 从产品特点看,一位北京地区银行人士告诉记者,分红险和年金险均有一定封闭期,至少存完第二年方 可取出。像分红险,一般都是交3年,第4年回本,而年金险的话,一般最快也是第5年回本。该类产品 均是长期投资,属于终身型理财产品。 上述北京地区银行人士告诉记者,从收益看,一般分红险要比年金险高。而从流动性看,如果客户有现 金流需求,则更适合年金险。年金险分为两种,一种是快返型年金险,基本第五年就开始返回年金加分 红;一种是养老型年金,即等到客户退休之后每年返回固定金额。而分红险(增额人寿险),一般是前 3年每年投入金 ...