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Bank of America Corp
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BAC News30 articles
StubHub Stock Tumbles 12% on World Cup Costs, Weak H2 Outlook
StubHub shares dropped 12.3% as World Cup-related costs offset revenue growth, with adjusted EBITDA guidance for H2 set at $222M-$242M.
Small-Cap Index Notches Record Close Ahead of Key Inflation Data
The Russell 2000 closed at an all-time high, extending its 2026 lead over the S&P 500. Thursday's PPI report will test whether easing rate concerns can sustain the small-cap rally.
SEC Eases Data-Center Bond Rules, Shifting Focus to Project Readiness
The SEC ruled that certain data-center bonds aren't asset-backed securities, simplifying funding. With $130B in projects facing local opposition, investors focus on readiness.
SpaceX Shares Rebound 15.8% Post-Lockup, Still Below IPO Price
SpaceX (SPCX) jumped 15.83% to $133.11 on Friday, but shares still sit 1.4% below the IPO price. Heavy capex in Space and AI segments raises valuation concerns despite Starlink's strong profits.
Rocket Companies Bounces Back on Servicing Deal, Record Refi Share
Rocket Companies shares recovered 3.8% to $13.72 after a $795M servicing deal, while Q2 revenue doubled and refinance share hit an all-time high.
Palantir's 40% Surge Ends as AI Backlog Growth Fuels Valuation Debate
Palantir shares ended a 40% weekly rally at $172.01 as Q2 revenue surged 93% and U.S. commercial backlog expanded 153%, pushing valuation to 51x sales.
Atlassian Soars 32% on Cloud Strength, Analysts Turn Bullish
Atlassian shares surged 32% in premarket after Q4 results beat, with cloud growth guiding 25.5% for FY2027. Analysts raised targets on AI optimism.
SpaceX and Tesla Seal $16.8B Terafab Deal, Sparking Capital Concerns
SpaceX and Tesla have finalized a $16.8B initial investment for their Terafab chip plant in Texas, with analysts eyeing the firms' heavy capital demands.
Oil Jumps on Hormuz Tension, VIX Slips as Equity Hedging Stays Cool
Brent crude jumped 3.8% on Hormuz supply fears, yet the VIX fell 4.2% to 15.15, signaling limited equity hedging. S&P 500 slipped 0.18%, while payrolls forecast 80K.
JPMorgan Faces Reimbursement Probe, Stock Holds Near Record
JPMorgan shares rise 0.6% in premarket as prosecutors review allegations of improperly rejected reimbursements exceeding $100 million; analysts keep targets unchanged.
Huntington's Valuation Gap Widens as Q4 Synergy Deadline Looms
Huntington Bancshares (HBAN) closed at $17.60, up 0.2%, but trades at a 14% tangible-book discount to peers. Q4 synergy execution is now the key catalyst.
Figma Faces $2.16B Share Unlock After 14% Rally
Figma (FIG) shares surge 14% before Q2 earnings, but a 77.7M share lock-up expiry could pressure prices. Revenue consensus stands at $351.5M.
Coupang Stock Slips 4.4% as Customer Rebound Outpaces Margin Recovery
Coupang (CPNG) dropped 4.4% as customer growth outpaced margin recovery. Q2 revenue missed estimates, and a $410M fine weighed on results.
Vale Shares Edge Up Despite BofA Downgrade; Buyback Could Lift Yield to 5%
Vale ADRs edged up 0.4% despite BofA downgrade. The company's capital return program, including buybacks, could yield 5.01%, but iron ore headwinds persist.
Arista Networks Surges 10% on Strong Q3 Guidance and Raised 2026 Forecast
Arista Networks (ANET) shares surged over 10% after issuing Q3 revenue guidance of $3.3 billion and raising its 2026 outlook to $12.6 billion, driven by strong AI and core networking demand.
IREN Closes Mirantis Buy at $555M, Below Initial $625M Deal
IREN finalized its Mirantis acquisition at a market value of about $555 million, 11.2% below the initial $625 million agreement, as share price declines reduced the equity component.
Ulta Beauty's Pacsun Deal Targets Gen Z as Target Partnership Winds Down
Ulta Beauty launches a Pacsun collaboration to court younger shoppers as its Target shop-in-shops close. Analysts assess the impact on sales and profit.
Huntington Bancshares Falls on Weak Interest Income, Merger Doubts
Huntington Bancshares shares fell 1.1% after net interest income missed expectations, leading to a Bank of America downgrade and raising questions about merger benefits.
Cracker Barrel Stock Steady After $77M Sale-Leaseback Deal
Cracker Barrel shares were little changed after a $77M sale-leaseback deal created a $5.7M annual rent obligation. Comparable restaurant sales dipped 2.5%.
Nokia Shares Dip 3.4% as AI Order Surge Outpaces Revenue Recognition
Nokia shares slid 3.4% as €2.8 billion in AI orders overshadowed near-term sales. Q2 profit beat estimates, but revenue conversion remains a key concern.
Bank of America Stock Nears 52-Week High, Reducing Buyback Efficiency
Bank of America shares rose 0.6% to $61.57, approaching their 52-week high, which reduces the effectiveness of buyback programs as each dollar repurchases fewer shares.
Micron Surges 12% as AI-Driven Memory Pricing Powers Rally
Micron shares surged 12% as AI-driven memory prices fueled a rally, lifting market cap by $119B. Q3 revenue hit $41.46B with gross margins at 85%.
Bank of America Shares Slip as Market Focus Shifts to Net Interest Income Outlook
Bank of America shares declined 1.39% in after-hours trading on Monday, as investor attention turns to net interest income growth and share buybacks.
CoreWeave Stock Rebounds, But $34B Capex Outlook Pressures Margins
CoreWeave shares rose 5.5% to $77.20 after BofA reiterated a Buy rating, but a $34 billion capex projection and steep interest costs keep margin pressure high.
World Cup 2026 Boosts Local Spending, Hotels Lead with Price Hikes
The 2026 FIFA World Cup drove a 17.4% surge in non-local spending across U.S. host cities, with hotels capturing most benefits through higher rates rather than occupancy gains.
Nvidia Defies Chip Rout as Analysts Lift Earnings Forecasts
Nvidia dropped 3.9% last week but beat the chip index by 6.1 percentage points. Analysts boosted FY2027 and FY2028 EPS estimates, pointing to improving earnings per dollar.
JPMorgan Chase Nears $1 Trillion Valuation Amid Rising Capital Demands
JPMorgan Chase inches toward a $1 trillion market cap, facing higher capital demands. The bank's adjusted return on tangible equity remains at 23%.
Goldman Sachs Ends Week Up 1% as Investors Focus on Revenue Sustainability
Goldman Sachs (GS) shares ended the week up 1.0% at $1,065.22, even as a 2.76% Friday drop brought the stock 7.5% below its record close, with investors weighing the durability of revenue from equities and FICC.
Bank of America Stock Holds Gains as Rate Sensitivity Takes Center Stage
Bank of America shares rose 2.7% for the week after earnings, as investors focused on rate sensitivity. NII grew 9%, but the bank's model shows a 2.2x greater downside from rate declines.
Gold Rebounds Past $4,000 as Oil Surge and Rate-Hike Fears Cap Gains
Gold climbed back above $4,000 on Friday, buoyed by bargain hunting, but remains under pressure from a 12% oil spike and rising Fed rate-hike expectations, with key support at $3,950.