The brokerage raised its 2024 earnings per share (EPS) forecast for the index companies to $250 from the previously expected $235. BofA strategists said...
- BofA Global Research raised its earnings forecast for the S&P 500 on Tuesday, projecting a 12% increase in profit for the companies in the benchmark index this year.
The brokerage expects technology giants such as Microsoft, Amazon, Alphabet, and META to spend $180 billion on capital expenditure this year, potentially benefiting from a "virtuous cycle" stemming from investments in artificial intelligence .
Earlier in March, BofA raised its S&P 500 target for this year to 5,400 points, joining other major brokerages in predicting the index would end 2024 in a range of 5,200 to 5,400.For all the sage advice that Warren Buffett freely dispenses, it seems as if his personal investment philosophy violates the basic strategy that most financial advisors offer their clients, which is...TORONTO — A long-promised revolution in banking is headedto Canada, but you might not notice when it arrives.