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BANK OF AMERICA MERRILL
Wall Street giants tout SpaceX as Musk speaks at pre-IPO investor eventWall Street investment banks are hosting exclusive events for potential SpaceX IPO buyers, offering rare access to top executives. Elon Mus...
Epstein files reveal ongoing ties with this one wealth managerDespite the allegations surrounding Jeffrey Epstein, Bank of America wealth adviser Paul V. Morris maintained connections with Epstein for ...
Lower lending rates to cushion note ban, 50-75 bps cut likely: BofAAccording to Bank of America Merrill Lynch (BofA-ML), lending rate cuts will cushion the hit from the demonetisation shock in the second ha...
- Buy YES Bank, target Rs 1590 : Bank of America Merrill Lynch
BofAML expects Yes Bank to come up with an EPS CAGR of ~25% in FY17-19E (pre-dilution)
- Buy YES Bank Ltd., target Rs 1590.0 : Bank of America Merrill Lynch
Despite the recent deferment of capital raise, BofAML believes, fundamentally, nothing has changed.
- Buy HDFC Bank Ltd., target Rs 1550.0 : Bank of America Merrill Lynch
HDFC Bank trading at PB multiple (3.9x FY17 adjusted book) can arguably trade at least at 1.1SD above average (or 4.1x) one year forward
- Buy ICICI Bank Ltd., target Rs 315.0 : Bank of America Merrill Lynch
Retail loan growth remained strong at 23% with total loan growth at 12%. CASA is at 46%. Tier I at +13%.
- Buy Axis Bank Ltd., target Rs 675.0 : Bank of America Merrill Lynch
Downside risks are a sharp rise in NPLs leading to higher credit costs, MTM hits arising from the corporate investment book or the inabilit...
- Buy YES Bank Ltd., target Rs 1590.0 : Bank of America Merrill Lynch
Retail loan growth remained strong at 23% with total loan growth at 12%. CASA is at 46%. Tier I at +13%.
Reliance Jio may test 4G network with April soft launch: Bank of America Merrill LynchAccording to BankAm-Merrill Lynch, 'any bad consumer experience at the time of testing would still be manageable (for Jio) as it would curr...
Jyotivardhan Jaipuria leads exit of senior analysts at BofA-MLThe Indian institutional equities arm of Bank of America-Merrill Lynch has seen senior-level exits recently.
Brokerages have mixed views on Wipro post Q4 resultsIT major Wipro has logged hefty losses by falling nearly 8 per cent since it announced a muted set of fourth quarter numbers on Tuesday.
Margins to come under pressure for top IT companies in December 2013 quarterHCL Technologies is likely to show 2% sales increase and half a per cent drop in the net profit for the quarter by similar comparison.
- Low consumption, capex may affect recovery: BofA-ML
While factors like rate cuts and certain reform measures taken recently are positive for the economy, politics may play a negative role, th...
- Women’s empowerment must be owned as a culture: Kaku Nakhate, Bank of America Merrill Lynch
Women's empowerment and talent management need to flow as a philosophy within organisations and owned as a culture, says Kaku Nakhate, pres...
- CLSA upgrades Jet Airways to 'buy' with a target price of Rs 500
CLSA has upgraded Jet Airways to 'buy' from 'sell' earlier after the airline carrier reported better-than-expected quarterly results.
Bank of America Merrill Lynch to lay off 15 MDs in Asia: ReportBank of America Merrill Lynch aims to cut about a fifth or about 15 of its total managing directors in Asia as part of a reshuffle at the t...
- Canara Bank hits 52-week high, BofA-ML upgrades
Shares of Canara Bank rose to a 52-week high of 693.30 rupees on good earnings, two dealers said. The robust earnings have prompted Bank of...
- BofA Merrill looks to bring Nakhate back from JPMorgan
Bank of America Merrill Lynch seeks to bring back former equities star Kaku Nakhate and a team from JPMorgan Chase in Mumbai.
- Merrill Lynch hits regulatory hurdle over brand name
Even as Merrill Lynch operates under the new brand Bank of America Merrill Lynch in most countries, post its merger with Bank of America, i...