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.
BofA reduced its outlook on PDD Holdings, cutting its price target to $113 from $140 while keeping a Neutral stance, according to an analyst note reported by Yahoo Finance.
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A Bank of America note, cited by Yahoo Finance, points to an AI spending surge that it says could support a chip rally through 2028, with Intel and Micron flagged among perceived winners.
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Analysts at Bank of America said the next phase of Grand Theft Auto Online could strengthen Take-Two’s long-term monetization profile, prompting an increase to its price target on the publisher.
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The firm raised its Micron Technology outlook to $1,500 from $950 while maintaining a Buy rating, despite the stock falling about 10% ahead of its upcoming quarter’s results.
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The bank increased its year-end targets for Japanese equities and sees additional upside for the Nikkei 225, but it cautioned that returns could become overly dependent on a narrow set of large stocks.
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A new Bank of America study, conducted with a homebuyer research panel, shows a majority of consumers saying buying is better than renting in the current market for the first time since 2023.
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A market commentary tied to Bank of America’s rate view says the Federal Reserve could lift borrowing costs by 75 basis points this year, beginning with a 25-basis-point move in September, followed by additional 25-basis-point steps. The piece frames dividend-paying large banks as potentially better positioned in a higher-rate environment.
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In a new market note, Bank of America lays out five themes it says could translate artificial intelligence demand into a new surge of chip-related spending over the next decade, with analysts arguing that recent technology progress is compressing the pace of adoption.
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A new market outlook from Bank of America, reported by Yahoo Finance, points to a higher-for-longer path for U.S. policy rates, with the bank citing sticky inflation dynamics and a more hawkish turn in Fed leadership politics.
