The Latest Breaking News from BofA

Americans adopted roughly 23 million pets during the pandemic, and Bank of America Research sees the "COVID cohort" nearing middle age.

The U.S. stock market has just completed one of its strongest three-month runs in history, with the SP 500 soaring 26% between April 9 and July 10, a pace of gains rarely seen. While historical analogues suggest further upside, signs of overheated investor sentiment are starting to worry market watchers.

SoFi Technologies Inc. (NASDAQ:SOFI) has seen its stock soar by approximately 45% in the past month, fueled by potential legislative changes that could significantly reroute student loan demand from federal programs to private lenders.

On Wednesday, Costco Wholesale Corp (NASDAQ:COST) reported net sales of $26.44 billion for the retail month of June, which includes the five-week period ending July 6.

Nvidia extended gains to become the world’s first $4 trillion company on Wednesday. BofA analyst still sees further upside in NVDA shares.

Baidu says its ERNIE 4.5 AI models are now freely available under the Apache 2.0 license. BofA sees upside in BIDU shares to $100.

A lack of skilled labor in the U.S. could force companies to invest more heavily in automation.

The analyst said recent changes are paying off and making the bank more competitive

Unity Software Inc (NYSE:U) shares are trading lower Thursday. BofA Securities reinstated coverage with an Underperform rating.