Bank of America is investing $1.69 billion in the United Kingdom as part of a broader initiative among large U.S. financial firms. This move is expected to create approximately 1,800 jobs throughout the country. The bullish camp believes current share prices remain attractive, with opportunity for upside as long-term earnings power is realized. This view is echoed in research from Morgan Stanley, which increased its target following recent results that topped expectations. Bank of America investing has benefited from resilient mortgage origination volume, up 4% month-over-month in August 2024 as 30-year fixed mortgage rates eased slightly from July highs.