James Demare on earnings growth
From There's revived enthusiasm from both investors and CEOs, says BofA's Jim DeMare · · CNBCTelevision
“Savita is constructive on earnings growth coming in from next year; Michael Hartnett, he thinks we get there in the first quarter — as you can see, divergence of opinions even inside the firm.”
On , James Demare, Co-President at Bank of America, spoke about earnings growth during There's revived enthusiasm from both investors and CEOs, says BofA's Jim DeMare on CNBCTelevision.
About James Demare
On December 17, 2024, Bank of America President of Global Markets Jim DeMare appeared on CNBC's "Squawk Box" to discuss market trends. DeMare stated that there is "revived enthusiasm" from both investors and CEOs, which he described as a "very good support base for a good year in 2025." He noted that Bank of America has a 6,666 price target for the S&P 500 for the next year, attributing the constructive outlook to earnings growth expectations from the firm's strategists. DeMare acknowledged "material and serious topics" of concern, including tariffs, taxes, and immigration, which he said create "extreme optimism and extreme pessimism." He described the base case as most Wall Street firms having "adjusted down" their expectations for Federal Reserve rate cuts, calling it a "material change." DeMare also identified liquidity gaps as a key risk, citing the 2023 U.K. gilt market disruption as an example of how such gaps can "snowball" and cause widespread disruption.