BAC

BofA raises risk scenarios if Fed rate hikes miss inflation 2% target.

Bank of America (BofA) has introduced a 12-month target of 7,800 for the S&P 500, implying approximately 2% upside from current levels, while raising its year-end forecast and identifying several risks to US equities. In a note published this week, strategist Savita Subramanian increased the bank’s year-end target to 7,400 from 7,100.

Fed rate hike, sticky inflation, and 10-year Treasury yields raise stagflation fears and pressure banks/financials. Click to read the full analysis here.

Higher yields deepen accounting losses today while improving returns as maturing securities are reinvested.

Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

Investing.com -- A mixed week saw crypto-linked names rally despite a legislative setback, while profit warnings and a cautious outlook from one of the largest U.S. banks weighed elsewhere.

Track weekly dividend updates for Dividend Champions, Contenders & Challengers—see dividend changes, upcoming ex-dividend dates and pay dates here.

Sodexo’s fair value estimate has shifted from €52.66 to €54.63, a change of about 3.7% that fine tunes where analysts see the stock’s long term potential. This sits alongside a series of upward price target moves from more positive houses, even as others keep Neutral or Underweight ratings and cluster in the €50 to €60 range. As you read on, you will see how to track these changing targets and what they might mean for your own view on Sodexo. Analyst Price Targets don't always capture the...

Here’s what could happen to Costco stock next.

It’s time for investors to prepare for the risk that the Federal Reserve raises its benchmark rate above 5%, according to Bank of America Corp. strategists.