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.
The bank said equities trading revenue rose 70% year over year to $3.6 billion, a record, while investment banking fees increased 50%, according to a report published July 14.
THE APEX TIMES
THE APEX TIMES
Bank of America is urging fund managers and other market participants who have been buying equities aggressively to consider trimming exposure, according to a survey discussed in a Bloomberg report carried by Yahoo Finance.
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The bank said it is adding senior investment bankers across the U.S. as part of an expansion of its Regional Investment Banking platform aimed at middle-market clients.
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Bank of America downgraded Papa John’s International to Underperform and reduced its price target, arguing that uncertainty around the company’s efforts to recover is rising as the U.S. pizza market grows more competitive.
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A fresh Wall Street buy view is emerging for SpaceX just as the stock spends time below the level some investors have treated as a reference point around the company’s IPO.
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BofA said third-party retail data points to weaker e-commerce results in early June for AppLovin, while also noting that the underlying coverage largely reflects only the first two weeks of general availability for e-commerce advertisers.
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In a market note that aligns with broader “K-shaped” warnings, Bank of America argues that parts of the consumer economy remain resilient while others are under pressure, complicating the path for inflation and rate expectations.
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The renewed research view comes as the graphic design and collaboration software company seeks to translate growing interest in artificial intelligence into product differentiation and customer value.
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The Wall Street firm raised its valuation view on SharkNinja shares and reiterated a Buy rating after what it described as stronger domestic sales momentum.
