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Bank of America Launches Alts Program for Ultra-Wealthy Amid Stock Valuation Concerns
Bank of America Launches Alts Program for Ultra-Wealthy Amid Stock Valuation Concerns
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BTCCSquare news:
Bank of America's shares dipped 1.13% to $49.77 on September 5, despite a 10% monthly and 31% annual gain. Analysts flag a 14.8% overvaluation based on long-term projections, though its 111.82% 5-year return still eclipses the S&P 500's 89.13%.
The bank unveiled its Alts Expanded Access Program via Merrill and Private Bank divisions, targeting ultra-high-net-worth clients with private equity fund access. This mirrors a broader institutional pivot toward alternative assets as traditional markets waver—a trend cryptocurrency investors recognize all too well.
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