#bofaml

BofAML: Apple’s earnings hit from new tariffs is ‘manageable’ so buy the dip

Jesse Pound for CNBC:

Apple’s earnings face a “manageable” hit from the newly proposed tariffs, and Thursday’s sell-off makes the stock an even more attractive buy for investors, Bank of America Merrill Lynch said in a note Friday.

Bank of America estimated that the impact of the tariffs will shake out to a drop of 50 cents to 75 cents per share in annualized earnings for Apple.

“In the broader…

BofAML: Apple grew app sales in third quarter

Brandy Betz for Seeking Alpha:

Bank of America Merrill Lynch says Apple’s App Store revenue showed slight acceleration on the quarter in Q3.

BofAML cites third-party data showing App Store revenue was up 18% in Q3 compared to the 17% growth in Q2.

Bank of America maintains a Buy rating and $230 PT.

MacDailyNews Take: Wait, Goldman Sachs analyst Rod Hall on Tuesday said that Apple’s App Store…

BofAML ups Apple price target from $230 to $250

Bank of America Merrill Lynch today raised its Apple price target from $230 to $250, a 16% increase, and reiterated the firm’s “Buy” rating.

In a note to clients, BofAML analyst Wamsi Mohan cited the strong rate of growth in non-gaming apps, which offers “increased confidence in the sustainability of strong App Store sales.”

Mohan raised his 2019 revenue estimate for Apple Services by…

Bank of America affirms gun pledge, hints at Remington loan exit

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WILMINGTON, Del. (Reuters) – Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker Remington Outdoor Corp that sparked criticism of the lender.

A boy aims a Remington firearm at the annual National Rifle Association (NRA) meeting in Dallas, Texas, U.S., May 4, 2018.…

Indranil Sengupta, Chief Economist- India, BofAML

Indranil Sengupta, Chief Economist- India, BofAML

📌 Strong case for RBI to cut rates to support growth

📌 Expect inflation to jump back to 5-5.5 percent in June

📌 Growth remains weak and liquidity is tight

📌 Inflation impact of MSP hike to be marginal

📌 Markets to watch what RBI says on inflation peaking off

📌 Macro risks in bond markets are grossly overdone

📌 Expect GDP to grow at 7.5 percent in…

Dilip Buildcon Surges After BofAML Initiates Coverage

Dilip Buildcon Surges After BofAML Initiates Coverage — Shares of the Bhopal-based road maker rose as much as 12 percent, the most in over five months, to record high of Rs 1,124 after international brokerage Bank of America Merrill Lynch initiated coverage on the stock with a ‘buy’ for target price of Rs 1,244.  (more…)

Parlimen AS atau Kongres semakin hampir untuk meluluskan penyusunan semula bill cukai yang baru dan bakal mengumumkan pemotongan cukai secara besar-besaran tidak lama lagi. Apakah impak perlaksanaan rang undang-undang (bill) ini terhadap Dollar?

Pengkaji Pertukaran Matawang daripada Bank Amerika Merill Lynch (BofAML) berkongsi tiga pandangan mereka terhadap impak reformasi cukai kepada pasaran,…