In a recent announcement, Merrill Lynch revealed that its financial advisor headcount had increased by approximately 175 in 2023. Furthermore, the Bank of America wealth management unit and its private bank witnessed an impressive 45% surge in ultrahigh-net-worth clients. These developments were highlighted in the company's fourth-quarter earnings report. The combined efforts … [Read more...] about Merrill Lynch Sees Growth in Financial Advisor Headcount and Client Base
Bank of America
Bank of America Stock Upgrade
Bank of America Corp. (BAC) has received an upgrade from Keefe, Bruyette & Woods, moving up from underperform to market perform. This upgrade comes after the recent shift in the market and the drop in 10-year Treasury yields, which have had an impact on bank stocks. According to KBW analyst David Konrad, the recent stock market rally and the decrease in 10-year Treasury … [Read more...] about Bank of America Stock Upgrade
