Markets today: S&P 500 futures steady after selloff rattles globe [BNN Bloomberg (Canada)]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: BNN Bloomberg
U.S. equity futures ticked higher, signaling a recovery after the S&P 500 fell more than one per cent in the past two sessions. Two-year Treasuries approached five per cent. The U.S. dollar advanced for a fifth day, its longest run since January. Economic data continues to underscores U.S. economic strength while conflict in the Mideast fans the risk of higher energy prices and inflation, frustrating hopes for imminent U.S. Federal Reserve interest rate cuts. With earnings season underway, there's growing concern that the mega-cap leaders will struggle to justify their steep valuations. “Markets are looking for an excuse to take a breather and the combination of rising geopolitical risk alongside inflation fear and Fed anxiety is providing some decent ground for that,” said Florian Ielpo, head of macro research at Lombard Odier Asset Management. Traders are no longer fully pricing in a Fed rate cut before November, while UBS Group AG strategists warned there may be no pivot at
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BAC
Earnings
- 4/16/24 - Beat
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Sec Filings
- 5/24/24 - Form FWP
- 5/24/24 - Form FWP
- 5/24/24 - Form FWP
- BAC's page on the SEC website