Bank of America Sounds Warning on Options-ETF Boom as Day Traders Plunge In [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
(Bloomberg) -- Over the last two years, Wall Street has convinced cautious equity investors to send billions of dollars into exchange-traded funds that use options to goose yields. Most Read from Bloomberg Tesla Axes Supercharger Team in Blow to Broader EV Market NYC Police Break Up Columbia Protest and Clashes Erupt at UCLA Lilly Soars as Forecast Boost Shows Weight-Loss Drugs' Power Amazon Posts Strongest Cloud Sales Growth in a Year on AI Demand Pot Stocks Surge on Report DEA Set to Reclassify Marijuana A vocal chorus of analysts has been warning against this booming trade, to no avail. Assets in the derivatives-powered ETFs have quadrupled to $69 billion. Now Bank of America Corp. is joining the ranks of skeptics, saying such products often fare worse than simpler alternatives. After crunching performance data, the US bank finds that a vanilla bet on dividend-focused ETFs probably serves most investors better. “The value really isn't there,” said BofA strategist
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BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 5/10/24 - Form 8-K
- 5/10/24 - Form 424B2
- 5/10/24 - Form FWP
- BAC's page on the SEC website