BofA Reports Surge in Financials Inflows as Q2 Earnings Season Begins
Bank of America clients increased allocations to U.S. equities for a second consecutive week, driven by heavy institutional buying. Single-stock purchases reached $5.1 billion - the third-largest weekly total since 2008 - while equity ETFs attracted $1.8 billion. Financials posted the largest sector-level single-stock inflows in more than a decade …