Bank of America Corporation (BAC)
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The hydrogen economy is set to explode into a $2.5 trillion industry. Bank of America lays out the winners and losers as the gas reaches a 'tipping point'.
Summary List Placement Hydrogen, the most abundant element in the universe, has long attracted buzz as a tool to help countries and companies decarbonize, yet most of its climate benefits have yet to materialize. Virtually all hydrogen is still made from fossil fuels. And hydrogen fuel-cell vehicles — which don't generate tailpipe emissions — represent just a fraction of the transportation sector. But analysts at Bank of America say that's about to change. "We believe we are reaching the point of harnessing the element that comprises 90% of the universe, effectively and economically," the bank said in a report this month. The hydrogen economy is on track to generate annual revenues of $2.5 trillion by 2050, the bank said, citing the Hydrogen Council , an industry group. The total indirect infrastructure investment, including for fuel-cell equipment, could be as high as $11 trillion by 2050, the bank said. The note adds more weight to the idea that "green hydrogen" — hydrogen produced using renewable energy — is set to become a major global market.
Work won't return to normal until after 2021, a Bank of America survey finds
Summary List Placement Work won't return to normal for most companies until after 2021. But financial firms may be slower to bring employees back than other industries. A new survey of more than 200 companies from Bank of America found that only 30% of employees at financial firms will return to normal work settings by the end of 2020, compared with 45% in other industries. By the end of 2021, the survey found only 67% of financial firm employees will return to normal work, compared with 75% for all other sectors. Big banks have been predicting a slow return to the office for a while. Many of the largest firms have hundreds of thousands of employees that need to get back to work, S&P Global reported . JPMorgan, for example, has more than 200,000 employees working remotely right now. Bringing this many employees back to work safely has created a massive challenge during the coronavirus pandemic. Offices, with their tight cubicles and communal spaces and cafeterias, must be redesigned to be more socially distant.
Warren Buffett was blasted as 'washed up' for not buying during the coronavirus crash. Berkshire Hathaway has announced $19 billion of investments this quarter
Summary List Placement Warren Buffett was fiercely criticized for not deploying Berkshire Hathaway's vast cash reserves when markets tanked earlier this year. The billionaire investor and his team have responded by announcing over $19 billion of investments in this quarter alone. Berkshire bought $2.1 billion of Bank of America stock and $735 million of Snowflake stock, spent about $6 billion on 5% stakes in five Japanese trading houses, struck a $10 billion deal for Dominion Energy's natural-gas assets, and looks set to invest $900 million in Scripps. The spending spree signals a bullish turn for Berkshire after it dumped its stakes in the "big four" US airlines and slashed its financial holdings last quarter. Visit Business Insider's homepage for more stories . Warren Buffett was blasted as "washed up" and overly cautious when he failed to capitalize on the coronavirus crash earlier this year. The famed investor and his team have responded by announcing more than $19 billion of investments this quarter alone.
Bank of America vuelve a jugar con el capital de Liberbank bajo el calor de las fusiones
El sector está en pleno apogeo de fusiones tras el matrimonio CaixaBank-Bankia. Como adelanta este lunes El Confidencial, los dueños de Mayoral han doblado su peso en Unicaja
Space Race: The Top Players In A Market That Could Be Worth $1.4 Trillion By 2030
Bank of America is out with a guide to the commercial space market and the major companies involved. The Space Market: Bank of America’s Ronald J. Epstein believes the commercial space market will hit $1.4 trillion by 2030. Epstein cites increased defense spending, growth in satellites, space tourism and resource extraction as ways the industry can grow. The space market was worth $414.8 billion in 2018, with government spending of $85.5 billion making up 21% of the total. Bank of America tracks 23 aerospace and defense companies and listed 14 of them in the report that had some exposure to the space industry. The Pure-Play Companies: “Pure play space companies tend to be private, most aerospace and defense companies under our coverage have some exposure to the space industry,” Epstein wrote in a note. Virgin Galactic (NYSE: SPCE ) was assigned a Street-high price target of $35 by Epstein on Monday. This came as he sees the company as one of the only pure-play space companies being …
BofA names the defensive stocks to consider to ride out fall volatility (NASDAQ:MSFT)
Bank of America keeps it pretty simple when recommending large-cap defensive holdings for investors to consider as the U.S. election draws near and various
Avaada Energy appoints Bank of America to raise around $220 mn via stake sale
Three indicative term sheets received for buying stake, Avaada Energy has 1 GW operational capacity and a 3 GW pipeline..India aims to have 175 GW of clean energy capacity by 2022, including 100GW from solar projects
Bank of America Issues $2 Billion Bond To Fight "Race Inequality"
Bank of America Issues $2 Billion Bond To Fight "Race Inequality" Tyler Durden Sat, 09/26/2020 - 17:40 In our bizarro world in which the Fed, having failed at sparking wage inflation (and is now hiding behind the semantic construct of Average Inflation Targeting which gives it leeway to keep rates at zero for decades to come ), has instead pivoted to levitating the stock market as the primary source of social wealth creation, is now seeking to combat climate change, has become an expert epidemiologist , and has even been tasked with ending racial inequality (which is delightfully paradoxical since it is the Fed that is behind the biggest wealth divide in history), it should probably come as no surprise that banks which are behind the biggest corporate debt bubble in history, are now selling debt under the absurd virtue-signaling guise of "fighting racial inequality." No really: last week Bank of America issued a $2 billion bond (on which it was also the sole bookrunner) which aims to advance racial equality , economic opportunity and environmental sustainability .
Wall Street economists are getting fed up with the government’s inability to agree upon more stimulus
Summary List Placement Wall Street is finally accepting diminished chances for a near-term stimulus deal, and firms' latest GDP forecasts reflect growing pessimism toward the economy's chances without fresh aid. Goldman Sachs halved its GDP growth forecast to 3% on Wednesday. JPMorgan followed suit one day after, cutting its estimate to 2.5% from 3.5%. Morgan Stanley and Bank of America trimmed their expectations earlier in the month. All four of the Wall Street giants cited an absence of new fiscal relief for their gloomier outlooks. Still, some hope for a spending package emerged Thursday. Treasury Secretary Steven Mnuchin said new stimulus is "still needed," and top Democrats rolled out a new $2.4 trillion proposal that could be voted on as early as next week. Visit the Business Insider homepage for more stories . With the US economic recovery slowing and stimulus still stuck in a legislative deadlock, Wall Street is finally throwing in the towel. Major banks recently lowered their forecasts for near-term economic growth, accepting that the fiscal aid their previous estimates relied on is unlikely to arrive.
Wall Street ainda prefere Londres, mesmo com Brexit
JPMorgan, Citigroup, Morgan Stanley, Goldman Sachs e Bank of America tinham US$ 900 bilhões em ativos ponderados pelo risco no Reino Unido contra cerca de US$ 200 bilhões na UE Grandes bancos de Wall Street podem ter começado a transferir alguns ativos do Reino Unido, mas suas operações na União Europeia ainda têm um longo caminho a percorrer antes de se equipararem às da City of London. O JPMorgan Chase vai transferir 200 bilhões de euros (US$ 230 bilhões) de ativos totais para sua subsidiária em Frankfurt até o fim do ano como resultado da saída do Reino Unido da UE. Outros bancos também têm reforçado as operações no bloco. O domínio atual da Square Mile é tamanho que muitos outros bancos teriam que transferir tantos ativos quanto o JPMorgan para começar a miná-lo. As cinco firmas de Wall Street tinham o triplo de capital e mais de quatro vezes a quantidade de ativos ponderados pelo risco em suas subsidiárias do Reino Unido em comparação com as da UE no fim do ano passado, segundo análise da Bloomberg News de documentos regulatórios e relatórios anuais.
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