Bank Of America Raises Bullish Outlook On US Brokers, Exchanges, Alternative Investments: 3 Top Picks For 2025
Bank of America is bullish on U.S. brokers, asset managers and exchanges heading into 2025, raising price targets across the sector by an average of 14%, citing strong tailwinds from deregulation, rising retail investor engagement and solid U.S. GDP growth projected at 2%-2.5%.
In a new report released Wednesday, analyst Craig Siegenthaler dubbed 2025 as the year of “extensions” of ongoing trends, amid a fresh boost from a red political sweep and deregulation efforts under a Trump presidency.
According to Bank of America, the red wave of the 2024 elections is also set to open new doors for crypto and alternative investments (Alts) and give brokers and asset managers room to shine.
The report highlights three top Buy-rated stocks — Blue Owl Capital Inc. (NYSE:OWL), Interactive Brokers Group Inc. (NASDAQ:IBKR), and Tradeweb Markets Inc. (NASDAQ:TW) — and two key Underperformers: Charles Schwab Corp. (NYSE:SCHW) and Carlyle Group Inc. …