Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Bank of America clients withdraw $2.3B from US securities By: FOX Business April 11, 2023 at 17:06 PM EDT A note from bank strategist Jill Carey Hall says Bank of America clients sold roughly $2.3 billion in U.S. equities last week. Bank of America clients sold around $2.3 billion in U.S. equities last week, according to a note from bank strategist Jill Carey Hall on Tuesday.Although the note failed to highlight reasons for the withdrawal, data compiled by Bank of America showed clients sold both single stocks and ETFs for the second consecutive week, while selling was broad-based across client groups including institutional, hedge funds, retail, and size segments.CHARLES SCHWAB NETS $53B IN ASSETS, SECOND HIGHEST MARCH IN HISTORYAmid concerns over commercial real estate, the bank recorded the biggest real estate outflows since mid-2021.Meanwhile, exchange-traded funds (ETFs) posted their biggest outflow since January across all styles including growth, value, and blend and across small, mid, and large cap ETFs.BANK OF AMERICA TOTALED $1.2 BILLION IN PENALTIES, SETTLEMENTS IN 2022The bank said buybacks accelerated as client repurchases gained steam and were slightly above seasonal trends for the first time in ten weeks.Buybacks typically accelerate over the subsequent six weeks after earnings season begins, according to Hall’s note. The bank also said it expects no net contribution to earnings per share from buybacks this year.CLICK HERE TO GET THE FOX BUSINESS APP Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Bank of America clients withdraw $2.3B from US securities By: FOX Business April 11, 2023 at 17:06 PM EDT A note from bank strategist Jill Carey Hall says Bank of America clients sold roughly $2.3 billion in U.S. equities last week. Bank of America clients sold around $2.3 billion in U.S. equities last week, according to a note from bank strategist Jill Carey Hall on Tuesday.Although the note failed to highlight reasons for the withdrawal, data compiled by Bank of America showed clients sold both single stocks and ETFs for the second consecutive week, while selling was broad-based across client groups including institutional, hedge funds, retail, and size segments.CHARLES SCHWAB NETS $53B IN ASSETS, SECOND HIGHEST MARCH IN HISTORYAmid concerns over commercial real estate, the bank recorded the biggest real estate outflows since mid-2021.Meanwhile, exchange-traded funds (ETFs) posted their biggest outflow since January across all styles including growth, value, and blend and across small, mid, and large cap ETFs.BANK OF AMERICA TOTALED $1.2 BILLION IN PENALTIES, SETTLEMENTS IN 2022The bank said buybacks accelerated as client repurchases gained steam and were slightly above seasonal trends for the first time in ten weeks.Buybacks typically accelerate over the subsequent six weeks after earnings season begins, according to Hall’s note. The bank also said it expects no net contribution to earnings per share from buybacks this year.CLICK HERE TO GET THE FOX BUSINESS APP
