Bank of America: Corporate Sentiment Reaches Highest Level Since 2004

Bank of America’s Corporate Sentiment Score reportedly reached its highest level since the bank began recording it in 2004.Based on an analysis of the number of positive words and negative words used in earnings calls, the bank’s Predictive Analysis team found that 52% of companies expressed optimism during recent earnings calls, compared to 46% in the previous quarter, Seeking Alpha reported Monday (Feb. 10).In addition, mentions of the word “bottom,” which often suggest a potential earnings recovery, saw ...