Straits Times Index
3,307.90 -6.15 (-0.19%) S&P 500
5,302.99 -5.14 (-0.10%) Dow
39,833.94 +27.17 (+0.07%) Nasdaq
16,728.91 -65.97 (-0.39%) Bitcoin USD
71,144.19 +4,275.76 (+6.39%) CMC Crypto 200
1,536.24 +47.69 (+3.20%)
BAC Jul 2024 42.000 call
- PR Newswire
BofA Study: Percentage of American Workers Feeling Financially Well Rises to 47%
Today, 47% of American workers feel financially well, up from 42% at this time last year. This is according to Bank of America's 14th annual Workplace Benefits Report, "The Resurging Workforce." Conducted in partnership with Bank of America Institute, the report also found that 53% of employees are concerned that economic uncertainty will affect their long-term retirement savings, down from 63% in 2023.
- Investing.com
Nvidia options underpricing rising earnings fragility
In a note to clients Tuesday, Bank of America highlighted a potential undervaluation in Nvidia (NASDAQ:NVDA) options pricing despite rising concerns about earnings fragility in the broader big-cap tech sector.
- Reuters
Bank of America to buy WaFd's multi-family loan portfolio for $2.9 billion
The commercial real estate (CRE) sector, which has been roiled by higher borrowing costs and lower occupancy, has become a key cause of concern for investors and has drawn tough regulatory scrutiny for regional lenders. Parent company WaFd, in a regulatory filing, disclosed the portfolio of 2,000 commercial multi-family real estate loans had an aggregate unpaid principal balance of $3.2 billion. After the deal is closed, WaFd said BofA is planning to enter into a structured transaction or loan sale with one or more funds of Pacific Investment Management.
