DIRS.INFO The most relevant business & tech news

☆ Stock futures are little changed after Dow notches seven-day win streak: Live updates
▼ + stars: | 2024-05-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 8, 2024. U.S. stock futures were little changed on Thursday night after the Dow Jones Industrial Average posted its longest win streak going back to December. S&P 500 futures climbed 0.09%, while Nasdaq 100 futures gained 0.1%. The S&P 500 gained 0.51%, closing above 5,200 for the first time since early April. The S&P 500 and the Nasdaq Composite were higher by 1.7% and 1.2%, respectively.

Persons: Dow, Chris Hyzy, Stocks, Lorie Logan, Neel Kashkari, Michelle Bowman Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dow, Federal Reserve, Merrill, Bank of America Private Bank, Fed Locations: New York City, U.S, Dallas, Minneapolis, Chicago

☆ Earnings to be a key driver of equities this year: Merrill's Marci McGregor
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings to be a key driver of equities this year: Merrill's Marci McGregorLauren Goodwin, New York Life Investments economist, and Marci McGregor, senior investment strategist for the chief investment office at Merrill and Bank of America Private Bank, join 'Closing Bell' to discuss markets, the Fed, and the potential of the rally resuming.

Persons: Merrill's Marci McGregor Lauren Goodwin, Marci McGregor Organizations: New York Life Investments, Bank of America Private Bank Locations: New York, Merrill

☆ The 'feminization of wealth' is coming as the boomer wealth transfer boosts the economic power of women
▼ + stars: | 2024-03-16 | by ( Aruni Soni | ) www.businessinsider.com time to read: +4 min

Of all the ways the baby boomer wealth transfer is expected to reshape everything from housing to the stock market, it could have another big impact: making women a lot wealthier. According to Ellevest, which focuses on wealth management and financial planning for women, a lot of it is going to be inherited by women in a shift the firm is calling the "feminization of wealth." For one, as women live longer than men, there's a shuffling of wealth from boomer husbands to their wives. In total, about $84 trillion is expected to be passed down to younger generations in the Great Wealth Transfer by 2045. As women control more wealth, those corners of the economy will adapt to their needs.

Persons: —, Sallie Krawcheck, Krawcheck, Tracy Bell, Bell, It's, Gen Organizations: Service, Boomers, Business, Bank of America, Contemporary, First Horizon, Bank of America Private Bank Locations: America

☆ Small and mid cap stocks are on our watch list, says Merrill & BofA's Chris Hyzy
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall and mid cap stocks are on our watch list, says Merrill & BofA's Chris HyzyChris Hyzy, Merrill & Bank of America Private Bank CIO, joins 'Closing Bell' to talk the day's market action.

Persons: Merrill, Chris Hyzy Chris Hyzy Organizations: Merrill & Bank of America Private Bank CIO

☆ Rich parents want to give to charity and leave more money to their kids. Here's how billionaire families do it.
▼ + stars: | 2024-01-29 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Read previewWhen the rich give to charity, they find a way to get the most bang for their buck. If the trust assets are invested and achieve an annual rate of return of 9% a year, the CLT's remainder will be $2.1 million. Advertisement"It's a fantastic low interest rate play," said Renn. "The problem now is rates have really risen and it's to the point where some investments clearly can outperform a 4% or 5% interest rate, but others might struggle." In this interest rate environment, charitable remainder trusts (CRTs) have better odds.

Persons: —, Jacqueline Kennedy Onassis, Walton, Lance Morgan, Ed Renn, I've, Renn, Dan Griffith, Griffith, CLTs, Onassis, CLATs, Alice, Jim Walton, Rick T, Jennifer Galvagna, Michael Prinzo, they're Organizations: Service, Tax, Business, Bloomberg, Huntington Private Bank, Walmart, Bank of America Private Bank Locations: Withersworldwide, CLTs, Fayetteville , Arkansas, Israel, Palestine

☆ How the superrich, like Walmart's Waltons, get richer by using trusts to give to charity and save on tax
▼ + stars: | 2024-01-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

If the calculations predict that the trust's remainder interest is zero, the beneficiaries are exempt from estate tax even if the assets actually appreciate by a greater amount. If the trust assets are invested and achieve an annual rate of return of 9% a year, the CLT's remainder will be $2.1 million. Advertisement"It's a fantastic low interest rate play," said Renn. "The problem now is rates have really risen and it's to the point where some investments clearly can outperform a 4% or 5% interest rate, but others might struggle." In this interest rate environment, charitable remainder trusts (CRTs) have better odds.

Persons: —, Jacqueline Kennedy Onassis, Walton, Lance Morgan, Ed Renn, I've, Renn, Dan Griffith, Griffith, CLTs, Onassis, Jennifer Galvagna, Michael Prinzo, they're Organizations: Service, Tax, Business, Bloomberg, Huntington Private Bank, Bank of America Private Bank Locations: Withersworldwide, CLTs, Israel, Palestine

☆ The Fed will not be a scapegoat for a recession, says Merrill’s Matthew Diczok
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will not be a scapegoat for a recession, says Merrill’s Matthew DiczokMatt Miskin, John Hancock Investment Management co-chief investment strategist, and Matt Diczok, Merrill and Bank of America Private Bank head of fixed income strategy, join 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, 2024 outlook, and more.

Persons: Matthew Diczok Matt Miskin, John, Matt Diczok Organizations: John Hancock Investment Management, Bank of America Private Bank Locations: Merrill

☆ Here’s why some bond traders care so much about the US government’s budget deficit nowadays
▼ + stars: | 2023-12-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

And as the mountain of debt keeps piling up, and the government’s budget deficit remains massive, some bond traders are now joining politicians in decrying the government’s ever-growing financial obligation. Those bond traders are seemingly up in arms over the government’s gaping budget deficit — something that occurs when the government’s spending outstrips revenues — which currently stands at roughly $67 billion so far for the current fiscal year. For the full 2023 budget year, the Congressional Budget Office estimated that the deficit stood at a staggering $1.5 trillion. How do we manage the budget deficit? Our interest rate team is looking at the 10-year (US Treasury) yield to be closer to 4% than 5% next year.

Persons: ”, Jerome Powell, Bell, Joe Quinlan, It’s, it’s, what’s, You’d, Powell, ” Powell, they’re Organizations: CNN Business, Bell, DC CNN, Treasury Department, Congressional, Office, Federal, Merrill, Bank of America Private Bank, Treasury, Spelman College, US Labor Department, Institute for Supply Management, US Commerce Department, University of Michigan Locations: Washington, Atlanta

☆ Investors looking to tech earnings to drive stock market momentum, says Chris Hyzy
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors looking to tech earnings to drive stock market momentum, says Chris HyzyChris Hyzy, CIO of Merrill and Bank of America Private Bank, joins 'Closing Bell' to discuss market action during earnings season, the potential for profits to accelerate in 2024, and yield curve conditions beginning to correct.

Persons: Chris Hyzy Chris Hyzy Organizations: Investors, Merrill, Bank of America Private Bank

☆ 'Higher for longer' isn't just about rates: Here's how to play elevated everything
▼ + stars: | 2023-10-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Each "higher for longer" item carries investment implications. Here's a look at how each category breaks down: Interest rates "I do subscribe to the new moniker, 'higher for longer.' That statement came from someone who nevertheless thinks the central bank doesn't have to take rates any higher than where they are now. Defense spending Geopolitical tensions, such as the wars in Ukraine and Israel, as well as the "cold war in Asia," should lead to an increase in defense spending around the world. In 2022, global defense spending hit a record $2.2 trillion, Quinlan said, citing Stockholm International Peace Institute data.

Persons: Joseph Quinlan, Merrill Lynch, Quinlan, Patrick Harker Organizations: Federal Reserve, Bank of America Private Bank, Philadelphia Fed, Investors, Defense, Stockholm International Peace Institute Locations: Israel, U.S, Ukraine, Asia, Stockholm, Washington

☆ Watch CNBC's full interview with BofA Private Bank's Chris Hyzy
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with BofA Private Bank's Chris HyzyChris Hyzy, Merrill and Bank of America Private Bank chief investment officer, joins 'Closing Bell' to discuss the Fed's rate hikes, market choppiness, and where investors can find opportunities.

Persons: Chris Hyzy Chris Hyzy Organizations: BofA, Bank of America Private Bank Locations: Merrill

☆ Market timing doesn't work, it's time in the market, says Merrill's Chris Hyzy
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket timing doesn't work, it's time in the market, says Merrill's Chris HyzyChris Hyzy, Merrill and Bank of America Private Bank chief investment officer, joins 'Closing Bell' to discuss yields and market correction.

Persons: Chris Hyzy Chris Hyzy Organizations: Bank of America Private Bank Locations: Merrill

☆ Our belief is there are two more rate hikes from here, says Merrill's Matthew Diczok
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur belief is there are two more rate hikes from here, says Merrill's Matthew DiczokMatthew Diczok, head of fixed income strategy for the chief investment office at Merrill and Bank of America Private Bank, joins 'Squawk Box' to discuss the Fed's rate hike campaign, inflation, and more.

Persons: Matthew Diczok Matthew Diczok Organizations: Bank of America Private Bank Locations: Merrill

☆ Here's how rich Americans give homes and country houses to their children and save big on estate tax
▼ + stars: | 2023-05-07 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

They can stay in the home during the trust, and any appreciation is exempt from gift and estate tax. The federal estate tax exemption, however, will be cut in half at the end of 2025, barring further legislation. This rent allows parents to transfer more wealth to their heirs free of gift tax. In short, the grantor was able to give a property worth $1.8 million, but only pay gift tax on $422,600. The rental payments are not subject to gift tax.

☆ We're a buyer of weakness and a seller of strength, says Merrill and BoA Private Bank's Chris Hyzy
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're a buyer of weakness and a seller of strength, says Merrill and BoA Private Bank's Chris HyzyChris Hyzy, Merrill and Bank of America Private Bank chief investment officer, joins 'Closing Bell' to offer his equity strategy for navigating a volatile market.

☆ Here's how to invest in 3 'tectonic shifts' that will shape markets over the next few years, according to BofA
▼ + stars: | 2023-02-10 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

The firm walked investors through patterns in interest rates and government spending. From 2008 to last year, ultra-low interest rates and central bank policy made for an era of easy money. They said that will favor value stocks over growth stocks, and will make dividend-paying stocks and alternative investments more appealing. It's also a potential economic challenge, as national debt levels have risen at the same time that interest rates have increased. "We have entered a bull market in state intervention and activism," Quinlan and Sanfilippo wrote.

The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, rose 0.1% last month after climbing 0.4% in October. On U.S. exchanges 7.75 billion shares changed hands on Friday compared with the 11.41 billion average for the last 20 sessions. Energy shares (.SPNY) stood out as the biggest advancers throughout the session as oil prices gained following news of Moscow's plans to cut crude output. Advancing issues outnumbered declining ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored advancers. The S&P 500 posted 2 new 52-week highs and 1 new low; the Nasdaq Composite recorded 49 new highs and 228 new lows.

☆ Markets will test new bottoms early next year, says BoA's Chris Hyzy
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets will test new bottoms early next year, says BoA's Chris HyzyChris Hyzy, Merrill and Bank of America Private Bank CIO, joins 'Closing Bell: Overtime' to discuss market outlook for Big Tech, growth and earnings.

☆ Fed bringing inflation down a lot faster than market expects, says BoA's Chris Hyzy
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed bringing inflation down a lot faster than market expects, says BoA's Chris HyzyChris Hyzy, Merrill and Bank of America private bank chief investment officer, joins the 'Halftime Report' to discuss his 2023 investment playbook.

☆ 75% of young, wealthy Americans get this 'wrong' about investing, says CFP
▼ + stars: | 2022-11-18 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Although advisors generally recommend that younger investors hold the vast majority of their investments in stocks, wealthy young people are skeptical that traditional investments can get the job done. In fact, 3 in 4 say it's not possible to achieve above-average returns with stocks and bonds, according to the survey. Young rich investors may 'mistake success with expertise'Why are young, affluent investors pulling away from stocks? It could be that there are newer, fresher ideas out there, says Ken Shepard, head of investments at Bank of America Private Bank. Why stocks are still the best option for young investors

☆ If the Fed pauses before everyone expects, that's the tailwind everyone's looking for, says Merrill and BofA's Chris Hyzy
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the Fed pauses before everyone expects, that's the tailwind everyone's looking for, says Merrill and BofA's Chris HyzyChris Hyzy of Merrill and Bank of America Private Bank joins 'Closing Bell: Overtime' to discuss the markets, the bear market bounce and what he thinks the Fed will do next.

☆ Wall Street says companies' lousy earnings outlooks might be intensifying
▼ + stars: | 2022-10-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

We are entering third quarter earnings season, and the level of cluelessness has never been so high. Wells Fargo's Chris Harvey called the start of third quarter earnings season "A Dud." With the S & P 500 closing at 3,585 for the third quarter, the forward earnings multiple now stands at 15 times 2023 earnings, according to S & P Global. S & P 500: Forward Earnings Multiple 2023: 15.0 5-year average: 21.7 Avg. More importantly, earnings estimates for the "growth" part of the S & P have been getting cut for both the third and fourth quarters.

☆ U.S. companies are reshoring at a rapid pace. Here's how to play the trend
▼ + stars: | 2022-08-27 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

The reshoring trend – or companies shifting parts of their manufacturing and supply chains to different countries – has boomed over the last decade. In 2022, reshoring and foreign direct investment jobs announced coming back to the U.S. is on pace hit a record high of 348,493, according to data from the Reshoring Initiative. The trend also includes companies moving parts of their supply chains or manufacturing to different countries abroad. Investing the trend There are a few ways to play the reshoring trend as it continues to unfold. Analysts covering the space generally recommend picking up stocks in companies that stand to benefit from the trend, as opposed to companies in the reshoring process.

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). This promotion grants Bank of America credit card and debit card holders free access to participating museums for the first full weekend of every month. Bank of America customers just need to show photo identification and their Bank of America credit card or debit card to gain free entry to participating museums. AdvertisementBank of America® Premium Rewards® Visa® credit cardIf you're interested in a rewards credit card, definitely check out the Bank of America® Premium Rewards® Visa® credit card. Bank of America® Travel Rewards Visa® credit cardIf you want to travel more than anything else and you like the idea of earning a flat rate of rewards, consider the Bank of America® Travel Rewards Visa® credit card.

Persons: —, You'll, you'll Organizations: Bank, America's, of America, Bank of America, Service, Bank of America's, Anchorage Museum, Museum of Modern Art, Denver Museum of Nature & Science, Bank of America Private Bank, The Bank of America Locations: United States, Alaska, New York City, Colorado, Bank

Search resuls for: "Bank of America Private Bank"

24 mentions found