(Bloomberg) -- Investors who spent weeks watching US stocks go nowhere are pinning their hopes for a breakout on a key pillar of the four-year bull run: corporate earnings. Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to Companies, Echoing a 17th Century KingSpaceX Set to Unlock $116 Billion in Shares After IPO Restrictions LiftTreasury Flags Concern Over ‘Potenti
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Bank of America (BAC) has just confirmed a wide slate of preferred stock dividends, an event that can matter if you are comparing the income profile of its preferred securities with the common stock. See our latest analysis for Bank of America. Bank of America’s preferred dividend confirmation comes as the common stock trades at $61.22, with a 30 day share price return of 8.93% and a 1 year total shareholder return of 30.95%. The 3 year total shareholder return above 100% points to momentum...
Micron shares rallied today as BofA adds the memory chips specialist to its highest conviction buy calls. Here’s why MU stock is attractive to own at current levels.
Net income surged 27% as investment banking and trading revenue hit record levels.
The firm expects a modest earnings beat despite near-term margin pressure.
The additions put both stocks among the bank's highest-conviction U.S. ideas.
Generative AI capabilities added to EricaAssist will allow customer service employees to handle client inquiries more quickly, the lender said.
July 30 is Tim Cook's last earnings call as Apple's CEO. He's been running the company since 2011, and when he gets off that call, John Ternus takes over. That alone makes this quarter worth paying attention to, beyond the usual revenue-and-margins conversation. Bank of America published its ...
Micron Gets Major Wall Street Vote of Confidence
The artificial intelligence revolution continues to reshape global markets. Hyperscalers and tech giants pour hundreds of billions into data center infrastructure, chasing ever-larger models and smarter applications. At the heart of this buildout lies a critical but until recently overlooked component: memory chips. Unlike compute-focused GPUs that grab most headlines, high-bandwidth memory (HBM) and related ... Better Late Than Never? Micron Finally Joins Wall Street’s ‘Best Investment Ideas” L
KeyCorp beats Q2 earnings estimates as higher net interest and fee income, lower provisions, and loan growth lift the results despite rising expenses.
Bank of America said on Tuesday it has enhanced its AI-powered EricaAssist tool, which would help more than 18,000 customer service representatives resolve client needs faster by delivering real-time guidance during conversations. The new generative AI capabilities deliver contextual guidance in under three seconds,, the bank said in a statement. The move comes as major banks are ramping up how they incorporate digital assistants in their daily operations, determining how such agents interact with human colleagues and clients as they race to get ahead.
The bank’s redesigned loyalty program, which made it easier to become a member, added more than 3 million customers in the seven weeks since launch.
Wall Street's most bullish Micron analyst just raised his price target again after a quarter that shattered expectations, but the stock has already tumbled sharply from its post-earnings spike, raising the question of whether this is a rare buying window or a warning sign.
Bank of America has promoted Thorsten Pauli to lead its Asia Pacific Global Capital Markets unit. The leadership change places Pauli at the center of the bank's investment banking and capital markets efforts across the Asia Pacific region. The move comes as Bank of America, trading under NYSE:BAC, continues to focus on global capital markets opportunities. For investors tracking NYSE:BAC, the promotion of Thorsten Pauli adds a fresh leadership angle to the story around Bank of America at a...
Economic resilience is probably something most Americans would welcome. We’re seeing that consumer spending is still growing, wage gains haven’t gone away, and corporate dealmaking is showing fresh momentum. Those trends point to a country that is successfully blowing past the recent ...
Strong services growth may offset weaker product margins
Netflix (NFLX) shares had a rough week, and Wall Street can't agree on what will happen to the stock next. The company's earnings came in close to Wall Street expectations. However, investors sold the stock anyway. Netflix Shares closed at $68.95 on Friday, July 17, down 7.26% on the day after ...
CoreWeave (NASDAQ:CRWV) heads into its 2Q26 earnings report in early August with investors watching execution more than demand. Demand for GPU capacity is still strong and customer commitments keep growing, but the real story now is whether the company can build out and activate power fast...
Apple Inc (NASDAQ:AAPL, XETRA:APC) is expected to beat consensus estimates for its fiscal third quarter, according to Bank of America, even as the bank takes a more conservative view of iPhone seasonality tied to a staggered launch schedule. BofA said investor focus will center on component...
Bank of America strategists recapped the first week of earnings saying that with 50 S&P 500 companies reports in, 88% beat expectations. UBS' CIO office also flagged stronger than historical averages for both beat rates and EPS growth, saying that the stock market has further to run thanks to what's expected to continue to be a strong earnings season. "The wide gaps between individual stock performance and ongoing risks related to geopolitics and inflation, however, mean that investors should ensure diversified exposure," the strategists wrote.
Apple Drops Before Earnings Even as Bank of America Backs the Tech Giant
PENN Entertainment (PENN), Churchill Downs (CHDN), and other regional gaming companies are expected
F.N.B. (FNB) faces continued headwinds to net interest income as a mixed second quarter and a weaker
Investing.com -- Bank of America reiterated a Buy rating on Apple with a price target of $380 per share in a note on Monday, expecting the company to beat consensus in its fiscal third-quarter results, which will mark Tim Cook's last earnings call as CEO.
C targets a 14-15% medium-term ROTCE by expanding higher-return businesses, cutting costs and improving capital deployment efficiency.
Brian Moynihan took over Bank of America in 2010 with a burning balance sheet, billions in pending lawsuits, and a penny-a-quarter dividend. Whether the long rebuilding act rewarded patient shareholders or punished them depends entirely on when you started counting.
Bank of America is reshaping its AI leadership