Investing.com UK on Nostr: BofA: Bank stocks should remain well bid into US elections ========== Bank of America ...
BofA: Bank stocks should remain well bid into US elections
==========
Bank of America (BofA) analysts believe that bank stocks will continue to perform well leading up to the US elections. They note that elections can have a significant impact on stock performance, citing recent examples in Mexico and India. BofA analyzed the performance of bank stocks in the past eight election cycles and found that they rose in six out of eight instances leading up to the elections, outperforming the S&P 500 by 2.6 percentage points. After the elections, bank stocks continued to rise in seven out of eight cycles, outperforming the S&P 500 by 4.3 percentage points. BofA expresses confidence in bank stocks and expects them to remain well bid into the US elections.
#BankOfAmerica #BankStocks #UsElections #StockPerformance #S&p500
https://uk.investing.com/news/stock-market-news/bofa-bank-stocks-should-remain-well-bid-into-us-elections-432SI-3539582
==========
Bank of America (BofA) analysts believe that bank stocks will continue to perform well leading up to the US elections. They note that elections can have a significant impact on stock performance, citing recent examples in Mexico and India. BofA analyzed the performance of bank stocks in the past eight election cycles and found that they rose in six out of eight instances leading up to the elections, outperforming the S&P 500 by 2.6 percentage points. After the elections, bank stocks continued to rise in seven out of eight cycles, outperforming the S&P 500 by 4.3 percentage points. BofA expresses confidence in bank stocks and expects them to remain well bid into the US elections.
#BankOfAmerica #BankStocks #UsElections #StockPerformance #S&p500
https://uk.investing.com/news/stock-market-news/bofa-bank-stocks-should-remain-well-bid-into-us-elections-432SI-3539582