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The Latest Breaking News from Bank of America

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?

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

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.

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

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.

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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.

SanDisk’s Volatility May Be Telling Bulls What They Want to Hear

SNDK shares have swung sharply in recent weeks, but repeated strong rebounds and a Bank of America price target raise to $2,500 signal sustained buyer demand.

SanDisk’s Stock Supercycle Just Got Another Boost: BofA Raises Price Tag to $2,500

Bank of America is telling clients the memory shortage is nowhere near over — and that Sandisk Corp. (NASDAQ:SNDK) is the cleanest way to own it.

This Analyst Just Upped the Price Target on SanDisk Stock. Here's Why.

Bank of America sees significant further upside in SanDisk stock. Analyst Wamsi Mohan explained why in his latest research note.

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Higher Airfares Are Sticking After Spring Price Hikes, Analyst Says

Higher Airfares Are Sticking After Spring Price Hikes, Analyst Says

Bank of America Securities (BofA) analyst Andrew G. Didora has adopted a more positive outlook on U.S. airlines ahead of second-quarter earnings, citing strong demand, stable fares, and lower fuel prices as key sector supports.

India's biggest long-term challenge is creating productive jobs, harnessing demographic dividend: BofA's Rahul Bajoria

India's biggest long-term challenge is creating productive jobs, harnessing demographic dividend: BofA's Rahul Bajoria

India's primary long-term hurdle is generating enough productive jobs to harness its demographic advantage, according to Bank of America's Rahul Bajoria. He highlighted underemployment as a significant concern, urging a collaborative, decade-long effort from government, private sector, and households. Bajoria also noted that while AI presents challenges, proactive responses can…

The Economic Times

History Says the Nasdaq Dominates the Summer. Another Trend Says Beware.

History Says the Nasdaq Dominates the Summer. Another Trend Says Beware.

Bank of America listed its best seasonal trades for the third quarter of the year in a new note.

International Business Times

Astera Labs Stock Just Got a New Street-High Price Target. Analysts Feel Confident in AI Spend Through 2028.

Astera Labs Stock Just Got a New Street-High Price Target. Analysts Feel Confident in AI Spend Through 2028.

Astera Labs surges as analysts raise targets, citing stronger chip demand and greater visibility into AI spending through 2028.

A $2.7 Trillion Reason Intel Stock Just Got a New Street-High Price Target

A $2.7 Trillion Reason Intel Stock Just Got a New Street-High Price Target

Bank of America sees a $2.7 trillion semiconductor opportunity ahead, and that massive AI-driven growth forecast just helped Intel earn a new Street-high price target.

Bank of America names new Southeast Asia investment banking head, memo shows

Bank of America names new Southeast Asia investment banking head, memo shows

Bank of America has appointed Dominic Tan as its new head of Southeast Asia investment banking, a role he will juggle alongside his existing responsibilities for Asia Pacific consumer and retail investment banking. Tan, who joined BofA in 2020, will relocate to Singapore in the third quarter. This move sees…

The Economic Times

Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar

Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar

Qualcomm also said it expects $40 billion in revenue from chips outside its smartphone stronghold by 2029, up from ‌previous estimates of $22 billion, ⁠and ⁠with handsets only making up a third of its chip revenue by then.

The Economic Times

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Apple’ s AI Upgrade Probably Won’t Be a Game Changer for AAPL Stock

Siri's rejuvenation is unlikely to boost the iPhone's market share.

Why is gold falling as inflation rises? The inflation hedge myth, explained

Gold is heading for a fourth monthly fall even as US inflation hits a three-year high. Here is why higher rates, not inflation, now drive the gold price.

How Intel Is Packaging the Future of American Chips

Intel is undergoing a massive transformation into a premier domestic foundry powerhouse driven by heavy government backing and advanced chip packaging.

International Business Times

Fed Governor Under Scrutiny Over Closed-Door Dinner Including Remarks During Blackout Period

Federal Reserve Vice Chair for Supervision Michelle Bowman attended a private dinner hosted by Bank of America for a group of Wall Street clients during the period in which officials are not supposed to make remarks.

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By 7 a.m., Bank of America’s CEO has already read 5 newspapers, his email inbox, and hit the gym—he says if you’re late to meetings, you’re ‘selfish’

Brian Moynihan says punctuality is a cornerstone of workplace respect, joining JPMorgan and Southwest CEOs with strong feelings about meetings.

International Business Times UK

Bank of America App Down: Customers Scramble for Answers Amid Banking Outage

Bank of America experienced a significant digital outage on 20 June, affecting thousands of customers who were unable to access online and mobile banking services, causing widespread frustration.

Sandisk AI Memory Boom Is Far From Over

Despite an extremely overbought RSI near 99, SanDisk continues to rally on strong fundamentals, rising earnings, and robust cash flow generation.

The Independent UK

Is the stock market open on Juneteenth?

The stock market will be closed on June 19 in observance of Juneteenth . Because Juneteenth is a U.S. holiday, many international stock markets will remain open. Major banks such as Chase, Wells Fargo and Bank of America will be closed for the federal holiday. USPS locations will be closed,…

Miserable K-shaped economy might actually be fading, as lower-income families bounce back, says Bank of America

"If this narrowing of the K is sustained, one explanation could be job growth broadening into more blue-collar sectors such as leisure and hospitality, construction and manufacturing."

International Business Times UK

GTA 6 Pre-Orders Open 25 June: Will Rockstar Charge $80 or $100? Gamers Brace for Sticker Shock

Take-Two opens GTA 6 pre-orders 25 June with Wall Street split on an $80 or $100 base price. Whichever number Rockstar picks will reset the ceiling for every AAA game that follows.

Citigroup’s Dividend Yield Now Trails Its Peers, But I’m Still Bullish

Citigroup's dividend yield has fallen steeply as its stock has soared over the last three years. Is the stock still a buy?

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