智通财经APP获悉，根据美国银行的月度调查，资金管理者们对从经济增长到股票和大宗商品等各个方 面都充满信心，准备迎接新的一年。12 月份，以现金水平、股票配置和全球增长预期衡量的投资者情 绪指标升至 7.4(最高水平为10)，这是四年半以来最乐观的调查结果。 股票和大宗商品(通常在经济扩张时表现良好的资产)的综合敞口达到了 2022 年 2 月以来的最高水平， 当时处于通胀冲击导致全球利率急剧上升之前。 美国银行策略师Michael Hartnett表示，这种程度的乐观情绪在本世纪只出现过八次。这八次分别包括 2010年11月至2011年2月全球金融危机后的复苏时期，以及2020年11月至2021年7月新冠疫情后的繁荣时 期。 MSCI全球所有国家指数在2025年上涨近20%，连续第三年实现两位数涨幅，这得益于全球央行在经济 强劲增长的同时下调利率。尽管人们对美国潜在的科技泡沫存在担忧，但对经济韧性的信心已推动主要 股指重回历史高位附近。 美国银行的调查显示，约57%的受访者预计美国经济将软着陆，而只有3%的人预测经济将硬着陆，这 是两年半以来的最低水平。现金持有率从上月的3.7%降至3.3%的历史新低。此外 ...

Core Insights - Bank of America (BofA) share price reached $55 on December 12, 2025, marking the highest level since November 2006, with an increase of 27% in 2025 and eight consecutive months of stock price growth [1] - In Q3 2025, BofA reported a 43% increase in investment banking fees, indicating strong performance in revenue generation from investment banking transactions [2] - The bank is expected to report Q4 earnings on January 14, 2026, with CEO Brian Moynihan projecting a potential 10% rise in market business revenue [4] Financial Performance - BofA achieved a net gain of $8.5 billion in Q3 2025, which is a 23% increase compared to Q3 2024 [8] - The Federal Reserve's recent decision to lower the benchmark interest rate by 0.25 percentage points may positively impact BofA's share prices and demand for bank products [5] Strategic Initiatives - BofA is set to launch Bitcoin exchange-traded funds (ETFs) on January 4, 2026, aimed at wealth management clients, encouraging a modest allocation of 1% to 4% in digital assets [6] - The bank is promoting diversification into digital assets, with specific ETFs including Bitwise Bitcoin ETF, Fidelity's Wise Origin Bitcoin Fund, Grayscale's Bitcoin Mini Trust, and BlackRock's iShares Bitcoin Trust [6] Market Considerations - Trading before earnings reports can be volatile, and with the holiday season affecting trading volume, investors may consider waiting until after the Q4 earnings report to make purchases [7]

Who will have the most impact on the banking, fintech and payments world in 2026? American Banker's reporters and editors compiled this alphabetical list of the 26 people we expect to make a difference — positive or negative — for bankers in the coming year. Processing Content John AllisonChairman and CEO, Home BancSharesHome BancShares in Conway, Arkansas, has returned to the bank merger-and-acquisition arena, and from all appearances John Allison, the company's longtime chairman and CEO, couldn't be mo ...

This may be one of the last chances you get to buy a stock you absolutely know is Buffett-approved.Warren Buffett's time as Berkshire Hathaway's (BRK.A +1.34%) (BRK.B +1.37%) chief executive and its chief stock-picker may be nearing its end. But he's still in charge, so any changes he wanted to make to the conglomerate's portfolio before his exit would have likely been made by now. The names Berkshire is still holding suggests everyone's in agreement that they're worth holding onto, and that's a pretty big ...

Money managers are set to ring in the new year with resounding confidence about everything from economic growth to equities and commodities, according to a monthly poll by Bank of America Corp. Investor sentiment as measured by cash levels, stock allocation and global growth expectations rose to 7.4 in December on a scale capped at 10, the most bullish survey outcome in four-and-a-half years. Most Read from Bloomberg Combined exposure to equities and commodities — assets that typically perform well whe ...

Core Viewpoint - Bank of America Securities has issued a cautious outlook for the S&P 500, projecting limited upside and an index target of 7,100 for 2026, indicating a gain of less than 5% from its recent close of 6,816 [1][4]. Group 1: Market Outlook - The bearish stance is attributed to expected valuation pressure across U.S. equities, with significant multiple compression anticipated due to concentration in large-cap technology and AI-linked stocks [4][5]. - Recent weakness in technology stocks is expected to continue as AI adoption disrupts the labor market, impacting consumption and earnings in consumer-facing sectors [5][6]. Group 2: Sector Preferences - The bank favors a defensive investment strategy for 2026, recommending an overweight position in consumer staples while underweighting consumer discretionary stocks, which are more sensitive to household spending [6]. Group 3: Contrasting Views - This outlook contrasts with other major banks, such as JPMorgan, which projects the S&P 500 to reach 7,500 by the end of 2026, driven by resilient economic growth and AI investment [7]. - Goldman Sachs has raised its target to 7,600, citing expanding corporate profits and AI-driven productivity gains [8]. - Morgan Stanley is notably bullish, projecting a target of 7,800, while UBS and Oppenheimer forecast the index to end around 7,500 and 7,100, respectively [9].

美国银行（Bank of America）在最新报告中表示，随着美国稳定币与银行牌照监管加速落地，美国银行 体系正迈向一个为期多年的"上链未来"。报告指出，OCC 已向 5 家数字资产公司有条件发放国家信托 银行牌照，标志着稳定币与加密托管正式被纳入受监管银行体系。美国银行预计，FDIC 与美联储将依 据《GENIUS 法案》进一步推出稳定币资本、流动性及审批规则，相关监管预计最迟于 2027 年生效。 （CoinDesk） 来源：市场资讯 （来源：吴说） ...

一、贵金属期货 高盛上调2026年铜价预测，从每吨10,650美元上调至11,400美元，维持2027年预测在10,750美元不变， 并指出铜价易受人工智能相关回调影响。 美国银行则预计明年铝将出现供应短缺，铝价有望突破每吨3000美元。 四、宏观与市场影响 纽约期金突破4340美元/盎司，日内涨0.09%。 现货黄金同步走高，突破4310美元/盎司，日内涨幅0.10%。 二、能源与航运期货 国际原油价格承压下跌，WTI原油期货收跌1.08%，报56.82美元/桶；布伦特原油期货收跌0.92%，报 60.56美元/桶。 盘中WTI原油曾突破57美元/桶，但最终日内仍跌0.27%。 此外，俄乌和平谈判取得进展的消息进一步打压油价，美国原油期货价格日内下跌1美元。 三、基本金属期货 美股三大指数集体收跌，道指跌0.09%，纳指跌0.59%，标普500指数跌0.16%；纳斯达克中国金龙指数 收跌2.17%，复朗集团、能链智电等多只中概股跌幅超6%。 国际原油价格承压下跌，WTI原油期货收跌1.08%，报56.82美元/桶；布伦特原油期货收跌0.92%，报 60.56美元/桶。 盘中WTI原油曾突破57美元/桶，但最 ...

Key Takeaways The stock market defied expectations again this year. One Wall Street analyst is telling investors not to expect it to happen in 2026. Subramanian on Monday said "buy-the-dream" AI stocks are "maybe headed for a little bit of an air pocket.†The AI trade has been pressured recently by concerns that tech companies are spending too much on a technology with uncertain commercial potential. Subramanian acknowledged similarities between today's market and the Dotcom Bubble of the 1990s, but noted th ...

娄飞鹏 2022年以来，商业银行围绕降低负债成本采取多项措施。在利率市场化大背景下，商业银行按照市场化 原则，存款挂牌利率经历多轮下调。在存款利率下调的同时，商业银行积极取消手工补息、整治智能存 款等高息揽储行为，中间出现定期存款中，期限较短的存款利率高于期限较长的存款利率，也就是存款 利率"倒挂"的情况。特别是进入今年四季度以来，部分区域商业银行下架五年期甚至是三年期定期存 款，临近年底国有大型商业银行下架五年期大额存单或者提高大额存单购买门槛等。 从银行业的角度看，降低存款利率和下架利率较高的长期存款产品，主要是为了稳定净息差。2022年以 来，我国商业银行净息差经历快速下降。根据国家金融监管总局的统计数据，今年三季度商业银行净息 差为1.42%。就纵向比较看，商业银行净息差已经处于低位。在稳定净息差上，银行业可以从提高资产 端收益率，降低负债端成本两端发力。然而，考虑到我国经济回升向好基础仍需巩固，仍然需要降低社 会融资成本，这意味着商业银行提高资产端收益率稳定净息差的可行性较低。 在这种情况下，商业银行在资产端寻求空间的同时，需要更多从负债端考虑降低成本，从而更好地稳定 净息差。存款作为商业银行最重要 ...