The Latest Breaking News from BofA

Lyft Inc.'s (NASDAQ: LYFT) U.S. hiring freeze has analysts anticipating what the impact could be on the e-hailing industry.

Raging inflation and the Fed’s commitment to bring it under control with rate hikes are raising recession worries. However, according to BofA, the market could see a rally later this year. Given the macro uncertainties, we think investors should add fundamentally solid stocks Microsoft (MSFT), Merck & Co. (MRK), and…

FedEx Corp (NYSE: FDX) shares fell last week after the company reported weak preliminary results.

Besides earnings and fundamental news affecting the broad market, Wall Street analyst actions can have a positive or negative impact on an issue's price action.

After a minor slowdown in rent rise in June, the July National Index from Zumper indicated a return to significant price hikes.

Bank of America economists Anna Zhou and Taylor Browley released a note on Aug. 16 regarding the analyst firm's small business checkpoint.

The investment banking (IB) business, one of the major revenue sources of Bank of America (NYSE: BAC), is not expected to have performed impressively in second-quarter 2022. Thus, the same is not likely to support BAC's results, scheduled to be announced on Jul 18.

The shares of The Vita Coco Company (COCO) have garnered significant investor attention after the recent ratings upgrade from BofA over stabilizing freight costs. So, let’s evaluate if it is worth buying the stock now, given the rising competition in the beverages industry. Read on.

BofA analyst Muneeba Kayani downgraded ZIM Integrated Shipping Services Ltd (NYSE:ZIM) to Underperform from Buy and lowered the price target to $40 (a downside of 8%) from $79. The analyst revealed concerns over weaker U.S. demand. Kayani states that large U.S. retailers have signaled to weaken spending on goods and excess inventories, and this, along…

WASHINGTON — Whether it’s President Joe Biden insisting a recession is avoidable or his critics arguing that the wolf is at the door, both sides are acting as though the nation faces an unprecedented catastrophe.

Palantir Technologies Inc (NYSE: PLTR) shares are trading higher Tuesday following bullish analyst coverage from BofA Securities.