<div id="readability-page-1">Record equity shift: A Bank of America survey found net equity overweights surged to 50% in May, the largest monthly rise on record. Earnings optimism: Strong Q1 earnings growth and AI investment have boosted market confidence despite oil above $100 and geopolitical tensions. Policy outlook split: Investors balance hopes for Fed rate cuts against market signals suggesting possible hikes later in 2026.</div>

FNCL

<p>A Bank of America survey reveals a record surge in net equity overweights to 50% in May, driven by strong Q1 earnings and AI investments. Despite concerns over oil prices and geopolitical tensions, market confidence remains high. Investors are weighing expectations for potential Fed rate cuts against indications of possible rate hikes in 2026.</p>

- A Bank of America survey indicated that net equity overweights reached 50% in May, marking the largest monthly increase recorded.  
- Strong growth in Q1 earnings and investments in AI have enhanced market confidence, even with oil prices exceeding $100 and ongoing geopolitical tensions.  
- Investors are weighing the potential for Federal Reserve rate cuts against signs that suggest possible rate hikes later in 2026.

Bank of America

Financial Select Sector SPDR Fund

VG Financial

Fidelity MSCI Financials Index

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Fund managers boost equity exposure despite rate hike fears