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Bank of America Clients Ditch Stocks at Fastest Pace in 10 Weeks
Bank of America Corp. clients withdrew money from US equities at the fastest pace in 10 weeks, reducing exposure as the S&P 500 capped its best quarter since 2023 to end June at a record.
All major client groups — institutions, retail traders and hedge funds — collectively pulled $1.3 billion from US stocks last week, the bank's quantitative strategists including Jill Carey Hall wrote in a note published on Tuesday.
