Bank of America

Bank of America raises oil forecast, warns of $150 risk

Bank of America raised its second-half 2026 Brent crude forecast from $83 to $95 a barrel on Tuesday, warning that oil prices could surge past $150 if supply disruptions from the war in Iran persist into next year.

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BofA cuts Apple target after foldable iPhone Duo debut

Bank of America lowered its price target on Apple to $370 from $380 while maintaining a Buy rating, after new CEO John Ternus delivered his first major product launch event on September 9. The revision reflects softer-than-expected device pricing that…

Bank of America raises Brent oil forecast to $83 amid Hormuz crisis

Bank of America on Tuesday raised its Brent crude price forecast to $83 per barrel for the second half of 2026, as ongoing disruptions in the Strait of Hormuz continue to reshape global energy markets. The bank also set a…

Bank of America forecasts up to 20% memory price rise in September

Bank of America expects spot prices for DRAM and NAND memory chips to climb another 10% to 20% in September, as a worsening supply-demand imbalance collides with the traditional peak season for electronics production.

Funds sold $44B in chip stocks last month on AI doubts, BofA says

Active long-only funds sold $44.2 billion worth of shares in the global semiconductor sector last month, marking a sharp reversal in positioning as investors question the sustainability of the AI investment theme, according to Bank of America data published this…

BofA survey shows fund managers at peak bullishness since 2021

Global fund managers have pushed their stock allocations to the highest level in nearly five years, even as Bank of America's contrarian sell signal remains firmly in place, according to the bank's August Global Fund Manager Survey released Tuesday.

Bank of America projects yen rising 6% after rare U.S.-Japan intervention

Bank of America has sharply lowered its year-end dollar/yen forecast to 149 from 152, projecting the Japanese currency will strengthen roughly 6% from current levels near 158, following the first coordinated U.S.-Japan yen-buying intervention in over a decade.

BofA sees yen jumping 6% after US-Japan intervention

The United States and Japan last week carried out a rare coordinated intervention in currency markets to arrest the yen's slide to 40-year lows, a move that has reshaped expectations across Asian foreign exchange markets and drawn in South Korea…

BofA warns oil volatility may force central banks to hike

Bank of America has warned that persistent oil price volatility driven by global shipping disruptions and geopolitical friction risks entrenching core inflation, potentially forcing central banks to abandon their conventional "look-through" approach to energy price shocks. The warning, published on…

EM equity funds post second-largest weekly inflow on record

Global emerging market funds have attracted billions in fresh capital over the past two weeks, reversing a prolonged streak of outflows as investors moved to buy the recent correction in developing-world equities.

Global bond yields hit highest since 2008 amid oil surge past $100

Long-dated government bond yields around the world have climbed to their highest levels since the 2008 financial crisis, driven by a surge in oil prices past $100 a barrel after escalating military conflict in the Middle East reignited inflation fears…

BofA survey finds global investors most bullish since February

Bank of America's July Global Fund Manager Survey, released Tuesday, shows investor sentiment has climbed to its highest level since February, as fund managers embrace risk assets amid growing confidence in the macroeconomic outlook.

World Cup forecast to generate $45B global GDP boost

The 2026 FIFA World Cup, now underway across North America, is projected to deliver a $45 billion boost to global GDP, according to Bank of America analysts, dwarfing the economic footprint of Taylor Swift's record-breaking Eras Tour.