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News Summary
Bank of America has introduced a new Art Consulting service for its Private Bank clients to manage art and collectibles as nonfinancial assets. The bank's analysts have made bold calls on commodities, raising gold and silver price targets for 2026. It also reinstated coverage on major retailers, naming Walmart and Costco as preferred holdings. The company recently provided a $3 billion credit facility to TE Connectivity. Its stock price has shown significant long-term growth over 3 and 5-year periods.