Bank of America company headlines, earnings, strategy, leadership, and market-moving business updates.
Market data may be delayed. For informational purposes only. Not investment advice.
An August Bank of America Global Fund Manager Survey points to a more optimistic stance among money managers, alongside portfolio cash levels that are edging close to the lows seen in recent years.
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A market sentiment snapshot highlighted by Yahoo Finance suggests risk indicators are worsening even as many active managers say they are increasing exposure to equities.
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Ahead of Hewlett Packard’s next results, Bank of America flagged a risk that cost increases may cap the upside investors expect, even as HP’s personal-computer business shows signs of recovery.
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Bank of America has been active in the bond market, completing multiple senior unsecured note offerings with maturities stretching out for decades. A recent market report argues that the pace and structure of the deals are prompting fresh scrutiny of how the market is valuing the bank.
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Etsy’s appearance at Canaccord Genuity’s growth conference in Boston was followed by a Bank of America Securities upgrade, with the bank pointing to improved execution and a more conservative growth stance. The combination is giving some investors a fresh angle on the e-commerce platform’s medium-term outlook.
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In a note that resets its price forecast for Home Depot, Bank of America argued the company can continue to gain ground even as the broader housing market remains under pressure.
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A Bank of America note shifted expectations for Etsy shares, with the brokerage arguing that the rebound has more staying power than investors may have assumed.
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In a note cited by market media, Bank of America said Zoom’s post-pandemic reset may be nearing an end, with newer offerings and improving customer retention reshaping the outlook.
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A recent note tied Bank of America’s stance on Capital One to the bank’s latest read on credit performance and its expectations for the outlook, after Capital One reported slower growth in cards in July.
