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Bank of America Closes at $52.55 Ahead of Holiday, CEO Pay Rises to $41M
Bank of America ended Friday's session at $52.55, a marginal gain of 0.06%, following a week that saw shares decline roughly 7%. The bank's board approved a 17% increase in CEO Brian Moynihan's 2025 pay package, bringing his total compensation to $41 million.
Spotify Shares Gain Ahead of Holiday Break Amid AI Market Tensions
Spotify shares advanced 2.8% Friday, closing at $458.34, while broader markets were mixed. Investors are navigating concerns over AI's impact on tech stocks ahead of a holiday-shortened week.
IBM Outperforms Tech Peers Ahead of Holiday, Focus Shifts to Fed Minutes
IBM stock advanced 1.1% to $262.38 on Friday, outperforming major tech peers, with trading set to resume Tuesday after the Presidents Day holiday. Market attention turns to upcoming economic indicators and Federal Reserve policy signals.
Citigroup Slips into Holiday Weekend Amid Russia Exit and Insider Sales
Citigroup shares edged lower ahead of a market holiday, influenced by progress on its Russia exit and recent insider stock sales. Broader banking sector movements remained tied to shifting interest rate expectations.
Uber Targets $1B European Delivery Expansion Amid CFO Transition
Uber Technologies is expanding its Uber Eats service to seven additional European countries, aiming for $1 billion in extra gross bookings over three years. The move comes as the company prepares for a CFO transition and awaits approval for a Türkiye delivery acquisition.
Qualcomm Gains Ahead of Holiday, Memory Shortage Weighs on Outlook
Qualcomm shares advanced 1.6% Friday, closing at $140.70 with 13.1 million shares traded. Markets are closed Monday for Presidents Day, with focus on persistent memory-chip shortages impacting smartphone chipmakers.
Intuit Shares Stabilize Near $400 Amid AI Sector Pressure
Intuit shares ended Friday's session up 0.36% at $399.40, stabilizing after recent declines. The stock remains down roughly 40% year-to-date as AI concerns weigh on software valuations.
T-Mobile Nears Record High as Bond Deal, Buyback Plans Draw Focus
T-Mobile shares closed near $220, up 2.3%, as investors await the closing of a €2.5 billion euro bond offering and consider the company's plan to potentially double Q1 2026 share buybacks to $5 billion.
Mastercard Extends Losses Ahead of Holiday Weekend, Payments Sector Under Pressure
Mastercard stock declined for a third straight session, closing at $518.36, while Visa saw a sharper drop. U.S. markets will be closed Monday for the Presidents Day holiday.