Advertisement
UK markets closed
  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     
  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     
  • CRUDE OIL

    82.67
    -0.02 (-0.02%)
     
  • GOLD FUTURES

    2,395.20
    +6.80 (+0.28%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • Bitcoin GBP

    50,991.86
    +1,800.89 (+3.66%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     
  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     

Can Bank of America Generate Alpha for Investors in 2018?

Can Bank of America Generate Alpha for Investors in 2018?

Banks and asset managers (XLF) had a great run in 2017 due to a rise in broad markets, allowing them to generate a higher base and performance fees. Overall, the economy and corporates are expected to continue on a growth trajectory helped by global demand and lower unemployment rates. Among major bankers, Bank of America (BAC) is managing $2.8 trillion in asset management offerings as of December 31, 2017—a rise of 10% on a YoY basis.