Bank of America flags a potential housing-market reset even as mortgage rates stay high
The lender says the market’s buyers-and-sellers standoff may not last forever, pointing to pressure on affordability, stretched pricing, and limited inventory.
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The lender says the market’s buyers-and-sellers standoff may not last forever, pointing to pressure on affordability, stretched pricing, and limited inventory.
THE APEX TIMES
A Yahoo Finance report on Bank of America’s dividend track added fresh analyst scrutiny, after Citi raised its price target for the bank’s shares.
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Bank of America said FedEx continues to show strong earnings momentum beneath the surface, but investors pushed the stock lower following its latest earnings report, citing near-term uncertainty.
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A revised Bank of America view of Federal Reserve policy suggests the path back to higher rates could begin in September with three quarter-point increases, driven by inflation that has stayed stubborn and a labor market that remains comparatively resilient.