Bank of America is a multinational financial services company that provides a wide range of banking and financial solutions to individuals, businesses, and institutional clients. The company offers services such as consumer banking, commercial banking, investment banking, asset management, and wealth management. With a robust network of branches and digital platforms, Bank of America aims to deliver accessible and innovative financial products, including mortgages, credit cards, and investment advisory services. The organization is committed to supporting economic growth and sustainability while serving a diverse clientele across various markets. Read More
Curious about the most active S&P500 stocks in today's session? Join us as we explore the US markets on Thursday and uncover the stocks that are leading the way in terms of trading volume and market attention.
Bank of America Corp. (NYSE: BAC) exceeded expectations with Q2 earnings of $7.1B and $0.89 EPS, driven by NII growth and strong fee revenue. Analysts give positive outlook on stock.
Knightscope stated that the deal with Palantir follows growing calls from Washington regarding the need for a National Robotics Strategy, aimed at strengthening U.S. competitiveness in automation and securing public safety infrastructure.
Major U.S. banks are expected to report higher profits this quarter, and the main reason is a surprising comeback in investment banking. After months of slow deal activity due to global tensions and uncertainty, big banks like JPMorgan Chase, Bank of America, and Citigroup are now seeing signs of recovery.
Financial services giant Bank of America (NYSE:BAC) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 4.3% year on year to $26.46 billion. Its GAAP profit of $0.89 per share was 3.7% above analysts’ consensus estimates.
Explore the S&P500 index on Wednesday and find out which stocks are the most active in today's session. Stay updated with the stocks that are capturing market interest.
Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independ
Goldman Sachs (NYSE: GS) reported a solid second quarter with earnings beating estimates and strong performance in trading and investment banking. Analysts expect EPS upgrades and see the stock outperforming peers.
Shares of hospital operator HCA Healthcare (NYSE:HCA)
fell 3% in the morning session after the company's stock was downgraded by Bank of America Securities to 'Neutral' from 'Buy' due to concerns over recent legislation.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB)
jumped 3.1% in the morning session after Bank of America Securities analyst Ronald Epstein significantly raised the price target for the space company. The analyst increased the price target to $50.00 from $30.00, a substantial 66.67% jump, while maintaining a "Buy" rating on the stock. This boosted investor confidence, signaling a strong belief in the company's future growth and market position. The positive sentiment was echoed by CNBC's Jim Cramer, who recently called Rocket Lab "one of the hottest stocks in the universe" and reiterated his "buy, buy, buy" recommendation. This enthusiasm stems from the company's crucial role in providing launch services and spacecraft manufacturing for a growing number of companies needing to send assets to space.
ETF investors can ride or hedge against banking sector volatility through financial sector funds like XLF and KBE, which hold top banks like JPM and BofA.
