Truist taps Bank of America veteran Cathy Bessant for board seat
The Charlotte, North Carolina-based lender appointed former Bank of America executive Cathy Bessant, adding another veteran technology and operations leader to its director lineup.
Bank of America company headlines, earnings, strategy, leadership, and market-moving business updates.
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The Charlotte, North Carolina-based lender appointed former Bank of America executive Cathy Bessant, adding another veteran technology and operations leader to its director lineup.
THE APEX TIMES
BofA raised its price target for SanDisk (SNDK) to $2,100 from $1,550, pointing to tighter NAND market conditions and SanDisk’s growing set of multi-year “new business model” supply agreements.
BofA Securities cut its year-end S&P 500 target and pointed to a rising cluster of valuation, breadth, and positioning outlines that often precede market pullbacks.
A Bank of America note, cited by Investing.com, points to systematic equity positioning unwind triggers that could broaden if the Nasdaq-100 extends its selloff.
A June 8 comparison of Bank of America (BAC) and Truist (TFC) centered on 2026 earnings leverage. BAC’s own outlook calls for a wider net interest income growth range, while Truist expects a more modest increase supported by average loan growth, stable rates, and investment income drivers.
In its first-quarter 2026 shareholder letter, Baron Capital said it initiated a position in Bank of America as part of a broader shift toward financials, even as the ETF fell 15.97% on a net-asset-value basis for the quarter.
A new research argument from Bank of America tries to bridge the gap between impressive task-level AI gains and a still-muted measurable impact on the broader economy.
The regional role, focused on wealth management and local business growth, follows Stacy Brandon’s retirement after more than a decade leading the market.
The move, announced May 27, places Centene (CNC) among Bank of America Global Research’s best-investment ideas, as third-party data also highlights the company’s popularity among lawmakers and hedge fund managers.