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Gold
One platform for global traditional assets
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Introduction to Futures Trading
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CandyDrop
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HSBC upgrades Bank of America stock rating on valuation
HSBC has upgraded Bank of America (NYSE:BAC) to a Buy rating from Hold, citing attractive valuation and expected profitability expansion. Despite lowering the price target to $55 from $57, the firm anticipates healthy revenue and earnings growth as fixed-rate assets re-price. The bank’s stock has declined year-to-date, but strong share buybacks and consistent dividend increases highlight its financial health, with the new price target suggesting a 16% upside.