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The Latest Breaking News from Bank of America

Revving Up Returns: Big Banks Race Through the Rate Plateau

BAC, JPM, GS and WFC all beat Q2 2026 estimates, but margin expansion, trading gains and capital returns diverged sharply across the four banks' results.

MarketBeat

US Stock Market: Healthy loan growth and stable credit trends boost outlook for US bank stocks

Major Wall Street banks say the U.S. consumer remains resilient, with strong spending, rising loan balances and stable credit quality backed by a healthy labour market and wage growth. While inflation, higher borrowing costs and geopolitical tensions remain risks, lenders say consumer finances have held up well so far.

The Economic Times

IBM Stock Suffers Worst Day in Decades, Wiping Out Billions. Buy the Dip but Don’t Call It a Bargain.

IBM's weak preliminary Q2 results erased $55 billion in market value. But Wall Street remains divided on whether Big Blue can stage a comeback.

Barchart

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Morgan Stanley beats profit estimates on dealmaking boost, strong trading

Morgan Stanley has showcased an impressive performance for the second quarter, surpassing Wall Street's earnings expectations. The surge in mergers and acquisitions has notably enhanced the investment bank's advisory revenues, while record trading profits emerged amid ongoing market fluctuations. Additionally, advancements in wealth management have played a pivotal role in…

The Economic Times

Bank of America's AI bet is starting to pay off, its CFO says

AI‑enabled productivity, not just cost‑cutting, is showing up in the bank’s efficiency ratio and returns, CFO Alastair Borthwick says.

Fortune

SK Hynix warns 2027 will be 'worst year' for RAM prices — right as a damning report reveals something that will add fuel to the price-fixing lawsuit

The big three memory makers told us RAMpocalypse was the unavoidable side effect of the AI revolution but their main alibi may have just gone up in flames.

Tom’s Guide

AMD Looks Set for a Beat-and-Raise Quarter on Surging AI Server Demand, According to BofA

Bank of America expects Advanced Micro Devices to deliver a beat-and-raise quarter driven by surging AI server demand for its EPYC CPUs and accelerators.

Barchart

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Wall Street banks see AI 'super cycle' set to boost deals, financing

Investment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 billion initial public offering, as well as debt issuance.

The Economic Times

Soft US inflation helps FTSE shake off oil surge

The turnaround in the fortunes of London’s blue-chip index came as figures showed US consumer prices fell more than expected in June.

Evening Standard

Goldman Sachs profit tops estimates on trading boom, corporate deal spree

Goldman Sachs has reported robust profits for the second quarter, surpassing analysts' predictions. The firm's equities revenue soared to unprecedented levels, fueled by both fluctuating markets and active deal-making. Investment banking fees also experienced a notable increase, thanks to major transactions and advisory engagements. Additionally, the bank's asset and wealth…

The Economic Times

Wall Street Volatility Becomes Bank of America’s Gold Mine, Trading Revenue Soars 33%

Bank of America Corp. (NYSE:BAC) reported stronger-than-expected second-quarter fiscal 2026 results on Tuesday.

Benzinga

JPMorgan posts record profit on big gains from dealmaking, stock trading

In a remarkable feat, JPMorgan Chase announced its record profits for the second quarter, driven by impressive growth in investment banking and trading revenues. This quarter saw investment banking fees hitting their highest levels since 2021, and market revenues soared by thirty-five percent due to fluctuating trading conditions. Despite this…

The Economic Times

How To Find Options Trades This Earnings Season

Earnings season is here and we’ve got the first batch of big name companies reporting earnings this week with Taiwan Semiconductor, JP Morgan Chase, Wells Fargo, Bank of America, Goldman Sachs and Unitedhealth Group all set to report.

Barchart

Wall Street Poised For Strong Q2 Earnings As SpaceX IPO, Market Volatility Drive Growth

JPMorgan, Goldman Sachs and other big banks are poised for strong Q2 earnings, fueled by the SpaceX IPO, Iran war-driven market volatility and a recovery in commercial lending.

International Business Times

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Barchart

Option Volatility And Earnings Report For July 13 - 17

Earnings season kicks into gear this week with banks and tech stocks taking center stage. This week we have Bank of America, Taiwan Semiconductor, JP Morgan, Wells Fargo, Citigroup, Morgan Stanley, Goldman Sachs and Netflix all reporting in what shapes as a busy and pivotal week for stocks.

International Business Times

Wealth Inequality Gaps Are Narrowing. Now the K-Shaped Economy is Losing Its Shape, New Data Shows

For years, economists have described the U.S. recovery as "K-shaped," meaning higher-income households benefited disproportionately from rising asset values, stronger investment returns, and housing appreciation.

Barchart

Huge Earnings, Inflation Data and Other Key Things to Watch this Week

Markets face one of the year's most important weeks as Federal Reserve Chair Kevin Warsh delivers his inaugural semi-annual monetary policy testimony before Congress on July 14 and 15.

The Economic Times

SK Hynix advisors win big fee windfall after modest SpaceX payday

The ‌fees equate ⁠to ⁠about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers earned more as a percentage of deal size than those who worked on SpaceX's initial public offering.

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Barchart

Worries About T-Mobile’s Competition From Satellite Companies Look Overdone

T-Mobile's wireless business is unlikely to be threatened by satellite firms in the foreseeable future.

Barchart

Why Bank of America Says Nvidia Stock Is Cheap Here

Investors may be doubting Nvidia, but Bank of America sees the pullback as a rare chance to buy an AI leader at a bargain.

Barchart

BofA Says AI Is Fueling Figma’s Next Growth Phase

Bank of America believes artificial intelligence could become a major growth catalyst for Figma, even after the stock's steep post-IPO decline.

Barchart

Bank of America Says AI Will Drag Down Adobe Stock

Downgrading Adobe to 'Underperform,' BoA argues that new AI tools are weighing on growth rather than accelerating it, with the stock already trading near multi-year lows. Should investors hit the pause button?

Fortune

The stock market is about to suffer a 'snapback' and will lose much of this year's gains as 'speculation is hitting extreme levels,' BofA warns

Bank of America reaffirmed its year-end price target of 7,100 for the S&P 500, representing a 5% drop from the week's closing level.

Barchart

Quantinuum Stock Has Tremendous Potential, but It Isn’t Cheap

Quantinuum is well-positioned to soar in the long term, but it could sink in the medium term.

Barchart

SanDisk Slumps 10% But BofA Stays Bullish. Here Is How to Play SanDisk Stock Here.

SanDisk stock dipped 10% on Wednesday, but Bank of America sees more upside on the AI storage stock.

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