Bank of America Report: US Presidential Election Will Not Have Significant Impact on US Stocks

Bank of America strategist Subramanian and her team expect US stocks to rise in 2025 regardless of who wins the November election. She expects S & P 500 earnings per share to rise 13 per cent year-on-year next year, and profit growth has historically been the biggest driver of stock market gains. Subramanian concludes: "Corporate profits are more important than politics."