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Posts Tagged ‘2015 Outlook’

BofA cuts year-end target

September 8th, 2015 No comments
P Photo/The News-Gazette, Rick Danz

P Photo/The News-Gazette, Rick Danz

A vital Wall Street bank usually got reduction confident about the batch market, usually partly since of the brand new downdraft.

The alternative reason? Bullishness had gotten as well high.

Bank of America Merrill Lynch right away predicts the benchmark Standard & Poor’s 500 index will finish 2015 at 2100, down from the prior aim of 2200.

In a investigate note Tuesday, BofA remarkable which Wall Street’s bullishness on bonds strike a 17-month tall in August. Excessive confidence can be a contrarian indicator.

The S&P jumped 2.5% to 1969 Tuesday. BofA’s brand new aim would meant an additional 6.7% climb from here — for a 2015 benefit of 2.0%. Not a great year, but any benefit is good.

Follow USA TODAY’s David Craig on Twitter @davidgcraig

 

 

JetBlue’s March passenger revenue better than expected

April 14th, 2015 No comments

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JetBlue’s newcomer income in Mar streaked past a little researcher expectations.

The airline reported which  its newcomer income per accessible chair mile rose 8% final month, compared to Mar 2014. That kick Wolfe Research’s guess of a 4% uptick.

The conduit additionally increased the PRASM superintendence to 4.5% vs. a prior foresee of an uptick in between 3 and 4 percent.

The airline attributed the clever opening to improved than expected bookings and stronger fares.

“The outcome was outstanding,’’ Wolfe Research researcher Hunter Keay pronounced in an investors note this week.  “JBLU continues to show extensive pricing traction in the face of attention genius creep.’’