BofA
5,552 views
6 Posts
Hot
Latest
Bitcoin Outflows Reached $368M in Second Week of April: BofA Strategists
Bitcoin has shown tremendous resilience this year, surging past $30,000, raking in over 80% in YTD gains. But data suggests that there could be more room for growth.
#Binance #crypto2023 #BofA #BTC #bitcoin
Bitcoin has shown tremendous resilience this year, surging past $30,000, raking in over 80% in YTD gains. But data suggests that there could be more room for growth.
#Binance #crypto2023 #BofA #BTC #bitcoin
Goldman Sachs and Bank of America made positive evaluations for Turkish banks. đčđ·đŠ
In the wake of the Turkish Central Bank's interest rate hike decision, Goldman Sachs and Bank of America have re-evaluated Turkish banks, updating their target prices. Here's a summary of their assessments:
Goldman Sachs Insights:
The Central Bank's 500 basis point increase in the policy rate signals a potential end to the interest rate hike cycle.
Goldman Sachs economists predict an additional 250 basis point increase in the policy rate during the December meeting, completing the rate hike cycle at 42.50%.
Despite a challenging macro environment, cautious optimism persists, considering improved macro conditions could enhance banks' operational outlook.
The report indicates a positive adjustment in earnings forecasts for Turkish banks, leading to an average increase of around 5% in stock prices.
Bank of America's Evaluation:
Describing the ongoing dynamics in the Turkish banking system as a "Great normalization," the report emphasizes the simplification of regulations affecting growth dynamics, asset allocations, and key interest rates over the past two years.
Manageable quality of assets risk is noted in the Turkish banking system. Bank of America expects Turkish private banks to offer a compelling value, anticipating an above 30% return on equity for these banks.
While Goldman Sachs maintains a cautious stance on Turkish banks, anticipating potential improvements, Bank of America sees a "Great normalization" in the Turkish banking system, emphasizing its positive dynamics. Investors may find opportunities amid these assessments, but careful monitoring of market trends remains crucial.
#GoldManSachs #Turkey #BankOfAmerica #BofA #CBRT
In the wake of the Turkish Central Bank's interest rate hike decision, Goldman Sachs and Bank of America have re-evaluated Turkish banks, updating their target prices. Here's a summary of their assessments:
Goldman Sachs Insights:
The Central Bank's 500 basis point increase in the policy rate signals a potential end to the interest rate hike cycle.
Goldman Sachs economists predict an additional 250 basis point increase in the policy rate during the December meeting, completing the rate hike cycle at 42.50%.
Despite a challenging macro environment, cautious optimism persists, considering improved macro conditions could enhance banks' operational outlook.
The report indicates a positive adjustment in earnings forecasts for Turkish banks, leading to an average increase of around 5% in stock prices.
Bank of America's Evaluation:
Describing the ongoing dynamics in the Turkish banking system as a "Great normalization," the report emphasizes the simplification of regulations affecting growth dynamics, asset allocations, and key interest rates over the past two years.
Manageable quality of assets risk is noted in the Turkish banking system. Bank of America expects Turkish private banks to offer a compelling value, anticipating an above 30% return on equity for these banks.
While Goldman Sachs maintains a cautious stance on Turkish banks, anticipating potential improvements, Bank of America sees a "Great normalization" in the Turkish banking system, emphasizing its positive dynamics. Investors may find opportunities amid these assessments, but careful monitoring of market trends remains crucial.
#GoldManSachs #Turkey #BankOfAmerica #BofA #CBRT
đ° BofA's Merrill, Wells Fargo offering spot bitcoin ETFs to clients
đĄ Ok, this is bullish. More financial institutions all around the world such as banks, stock exchanges, and more are offering bitcoin related financial products. Bitcoin is going to take over the world, mates. I had no doubt about it, now world adoption is imminent.
Only 7 years ago, people called you a scammer for buying bitcoin, mates. Now the biggest financial institutions and countries are adopting this incredible asset! We already won.
#BofA #WellsFargoControversy #BitcoinETFđ°đ°đ° $BTC
đĄ Ok, this is bullish. More financial institutions all around the world such as banks, stock exchanges, and more are offering bitcoin related financial products. Bitcoin is going to take over the world, mates. I had no doubt about it, now world adoption is imminent.
Only 7 years ago, people called you a scammer for buying bitcoin, mates. Now the biggest financial institutions and countries are adopting this incredible asset! We already won.
#BofA #WellsFargoControversy #BitcoinETFđ°đ°đ° $BTC
