Bank of America report: The US presidential election will not have a big impact on US stocks

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