Bank of America

Bank of America delivers a clear stock market warning that investors can’t ignore

by
Bank of America delivers a clear stock market warning that investors can’t ignore

Bank of America (BAC) just raised a not-so-subtle red flag for bond market investors and anyone with a stock market position. In a new note Flow Show, chief equity strategist Michael Hartnett argued that the “anything but bonds” era is here, and that the traditional safety trade has failed. Expressing his brief rationale, he said … Read more

The Bank of America warns that a major threat could push trillions out of American banks

by
The Bank of America warns that a major threat could push trillions out of American banks

Brian Moynihan made a dire warning about stablecoins. During a January 15 earnings call, the CEO of Bank of America told analysts that as much as $6 trillion in deposits could migrate from the US banking system to stablecoins, roughly 30% to 35% of total US commercial bank deposits. Moynihan attributed the projection to US … Read more