Page 2 - Bofa
Bajaj Finance in talks with 4 investment banks to raise $800 mn-$1 bn
The final decision for the fundraising is likely to be taken in the upcoming board meeting on October 5
 "Bajaj Finance in talks with 4 investment banks to raise $800 mn-$1 bn")
BofA expects to ECB hike all three policy rates by 25 bps next week
The brokerage expects "very little" forward outlook for the following meetings but said the bias would be towards pausing and not cutting rates
 "BofA expects to ECB hike all three policy rates by 25 bps next week")
$5 bn sustainability loans can be linked with target: BofA's Subramaniam
Bengaluru is worst-affected city, even as it continues to top start-up fundraising
 "$5 bn sustainability loans can be linked with target: BofA's Subramaniam")
Investors pour most money into Japan stocks since 2020, says BofA
Foreign investors are excited about the prospect of a new era of growth in corporate Japan and their buying helped the Nikkei share benchmark to scale three-decade peaks earlier this month
Rupee likely to strengthen to 80-per-dollar in 2024: BofA India treasurer
The rupee is up nearly 1% against the dollar so far this year against depreciation in most other Asian currencies
 "Rupee likely to strengthen to 80-per-dollar in 2024: BofA India treasurer")
Zee-Sony merger is at risk after Sebi order, says BofA Securities
The US-based brokerage doesn't have any price target, given the uncertainty surrounding the merger and pressure on revenue growth due to slower ad spending
 "Zee-Sony merger is at risk after Sebi order, says BofA Securities")
BofA expects Fed to deliver 2 more hikes, JPM adds July hike expectation
BofA Global Research now expects two more quarter percentage point interest rate hikes from the U.S. Federal Reserve this year
 "BofA expects Fed to deliver 2 more hikes, JPM adds July hike expectation")
Shares of Paytm rally 6.2% following an upgrade by BofA Securities
Paytm has a cash balance of nearly Rs 8,270 crore, over 15 per cent of its market capitalisation
 "Shares of Paytm rally 6.2% following an upgrade by BofA Securities")
Paytm rallies 8% to hit over 9-month high on BofA Securities 'buy' call
The brokerage firm BofA Securities upgraded the stock to 'Buy' on the back of strong revenue momentum and operational leverage, which can surprise on consensus estimates.
 "Paytm rallies 8% to hit over 9-month high on BofA Securities 'buy' call")
US recession 'imminent', time to book profits, says BofA Securities
The brokerage says that with markets currently near their peaks, it "leaves room for correction with the onset of a recession in the US".
 "US recession 'imminent', time to book profits, says BofA Securities")
Time to book profit now; buy when Nifty hits 16,000: BofA Securities
The foreign brokerage firm expects Nifty to drop to 16,000 levels as they foresee global slowdown, volatile commodities, peak urban demand/slow rural revival as some of the risks for earnings.
 "Time to book profit now; buy when Nifty hits 16,000: BofA Securities")
Investors put $538 billion into cash funds over eight week: BofA
BofA, citing EPFR data, said investors put $51.6 billion into money market funds in the week to Wednesday as the outsized flows continued
 "Investors put $538 billion into cash funds over eight week: BofA")
BofA sees meaningful risks of Q2 US economic contraction after recent data
BofA pointed to data from April 3 showing US manufacturing activity slumped in March to the lowest level in nearly three years as new orders plunged
 "BofA sees meaningful risks of Q2 US economic contraction after recent data")
With the latest hike, US Fed's rate hikes reach 500bps in one year
Fed Chair Jerome Powell last night said "rate cuts are not in our base case" for the remainder of 2023
Fund managers rush to emerging stocks: BofA survey of global investors
The survey of 299 fund managers, with a combined $847 billion in assets under management, found investors were still broadly cautious, but less so than in recent months
 "Fund managers rush to emerging stocks: BofA survey of global investors")
This isn't your mom and dad's recession: BofA's Savita Subramanian
The market could go as high as 4,600, which would be a pretty great year, says Savita Subramanian
 "This isn't your mom and dad's recession: BofA's Savita Subramanian")
Volatile Indian equity markets, flows capping downside: BofA on 2023
Revival in China's economic growth and policies could shrink this premium
 "Volatile Indian equity markets, flows capping downside: BofA on 2023")
Investors pile into cash at fastest rate since Covid-19 crisis: BofA
Cash funds saw inflows of $62.1 billion this week, reflecting investor demand for dollars, which in turn saw the 19th straight week of outflows from gold funds
 "Investors pile into cash at fastest rate since Covid-19 crisis: BofA")
BofA beats Q3 profit estimates on gains from higher interest rates
The second-largest US bank's consumer business reported a 12% jump in revenue, helped by higher balances and a rise in interest rates and a 9% jump in combined credit and debit card spend
 "BofA beats Q3 profit estimates on gains from higher interest rates")
One year of Nifty's lifetime high: Domestic equities stuck in a loop
The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory
 "One year of Nifty's lifetime high: Domestic equities stuck in a loop")
