New data also shows one in five prospective buyers and homeowners are using AI in the homebuying process CHARLOTTE, N.C., June 23, 2026 /PRNewswire/ -- For the first time since 2023, a majority of consumers say it's better to buy a home in the current market.
A higher-for-longer rate outlook has helped financials rebound from laggards to market leaders as investors adjust to persistent inflation and a more hawkish Federal Reserve. Trading and risk-management firms can benefit from increased volatility, elevated rates, and growing demand for hedging and transaction services. Large banks may see improving profitability as elevated rates support net interest income, deposit franchise value, and earnings expectations.
BAC trades below peers on a P/S basis, but rising costs and a mixed earnings outlook may temper near-term upside despite growth drivers.
A closed-door event hosted by Bank of America featured Michelle Bowman, the vice chair for supervision.
Not too long ago, Wall Street was expecting the Federal Reserve to cut interest rates. New Federal Reserve Chairman Kevin Warsh had been a vocal supporter of rate cuts, but his first Fed meeting ended with no rate change.
Bank of America's massive, steadily growing deposit base provides a cheap, sticky pool of liquidity that supports its operations. The first quarter's strong financial results were lifted by gains in all the company's segments.
Bank of America stock pays a 2% dividend. This trade can significantly raise that yield.
JPM and other banks are seeking further Basel changes, saying market-risk rules could curb Treasury liquidity and raise trading capital requirements.
Mark Cabana, Co-Head of Global Rates Research at Bank of America Securities, came on CNBC this morning ahead of the FOMC decision with a thesis that has very little to do with the dot plot and almost everything to do with the man holding the gavel.
JPM, BAC and others face a two-sided Fed setup: higher rates may lift NII, but funding costs, credit risk and securities pressures could rise.