Bank of America customers aggressively buy $5.8 billion worth of US stocks on dips

Zhitong
2024.08.13 14:42

Last week, Bank of America customers net bought US stocks for the first time in over a month, snapping up US stocks in the stock market's plunge and subsequent rebound. Quantitative strategist Jill Carey Hall wrote in a research report on Tuesday that institutional investors led the net purchase of $5.8 billion in US stocks as hedge funds and retail investors sold off stocks. According to data from Bank of America dating back to 2008, the inflow size ranks tenth and is the first net inflow in five weeks