Business · Markets · 1 hr ago

Bank of America focuses on Apple’s longer-term prospects

Bank of America focuses on Apple’s longer-term prospects

Apple reported a strong quarter, according to the brief account.

Bank of America is maintaining its investment focus on Apple rather than basing its view on that one quarter.

The account does not say what specific longer-term factors the bank is watching.

It also gives no details about the quarter or the size of the bank’s investment.

The bank’s view reaches beyond one quarter, but its reasoning is not explained.

No next step or change in the bank’s position is specified.

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