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BAC News30 articles
Meta's $1,300 VR Glasses Debut in 2027 Amid Deep Reality Labs Losses
Meta priced its 100-gram VR glasses at $1,299.99, launching spring 2027, while Reality Labs posted a $4.6B Q2 loss. META closed up 1.02% at $744.10.
OpenAI's Math Breakthrough Lacks Proof; MSFT Needs Revenue
OpenAI says its AI solved 100+ math problems, but no proof was released. Microsoft shares fell 0.9% as investors weigh the lack of monetization.
Nu Holdings Stock Split: 33% ROE vs Rising Delinquencies
Nu Holdings (NU) closed at $13.65 Friday, down 1.37%. With 33% ROE but rising delinquencies, investors weigh growth against credit risk.
Wealth Transfer Gap: Only 37% of Affluent Seniors Confident in Plans
Fidelity's new study shows just 37% of affluent older Americans feel high confidence in their estate plans, despite most having documents in place. The missing piece: family conversations.
Clearlake Capital Assumes Full Control of Chelsea as Boehly Departs
Clearlake Capital takes full control of Chelsea FC by acquiring Boehly's and Walter's stakes. Wyss remains a minority partner. Valuation undisclosed.
Goldman Sachs Shares Slide 4% Ahead of CEO's Key Capital Markets Address
Goldman Sachs shares dropped 4% on Monday, setting the stage for CEO David Solomon's Wednesday address where investors will gauge if Q2's stellar results are sustainable or a cyclical peak.
BAC Slides 5% as Moynihan Tempers Q3 Trading, IB Outlook
Bank of America shares dropped over 5% after CEO Brian Moynihan guided Q3 trading revenue roughly flat and investment banking fees below analyst expectations.
UK Mortgage Rates Jump to 5.14% as BOE Decision Looms
Average fixed mortgage rates for UK buyers with 5% deposits climbed to 5.14% on September 12, adding pressure on borrowers before the Bank of England's policy decision on Thursday.
Materials Rally Drives S&P 500 Higher; Tech Gains Offset Dow Pullback
U.S. stocks advanced at midday, with the S&P 500 up 0.56%, as materials and tech shares led gains. Dell and NVIDIA surged on positive catalysts.
Take-Two Stock Plunges 6.7% on GTA VI Leak Fears, $2.9B Erased
Take-Two shares dropped 6.7%, erasing $2.9B in market cap ahead of GTA VI launch. Leaks of gameplay footage raise fears, but analysts stay bullish.
Bank of America's $17B Buyback Potential Amid High Valuation
Bank of America's strong Q2 earnings and $17B buyback capacity are offset by a rich 2.1x tangible book valuation. Analysts see 11% upside.
Bank of America Stock Rises on Rate Optimism, NII Hits $16B
Bank of America shares gained 1.9% on Friday, driven by expectations of higher interest rates, as quarterly net interest income reached $16 billion.
UiPath Stock Trades 18% Above Analyst Targets as Maestro Flow Launch Nears Earnings
UiPath shares trade 18% above analyst targets following Maestro Flow launch. Earnings on September 3 will test whether product expansion can offset slowing revenue growth.
Scotiabank Shares Slip 1.7% as Analyst Targets Signal Limited Upside Ahead of Q3
BNS shares dropped 1.68% to $86.22, with the average analyst target implying only 1.4% upside. Q3 results are due Aug 25.
BMO Shares Dip Again as Earnings Loom and Analysts Stay Cautious
BMO shares fell 0.9% to $174.09 on Thursday, extending a 3.75% slide, as investors weigh quarter-end institutional filings against upcoming earnings and analyst caution.
Market Roundup: Glencore's ASX Move, FX Hedging Surge, and More
Glencore's ASX listing could boost indices; FX hedging hits 94%; Braskem Idesa Chapter 11; Absa profit up; CleanSpark AI lease financing.
European Markets Steady Ahead of US Data, Fed Rate Bets in Focus
European markets opened higher on Monday, with US futures pointing to gains. Key data releases on Canada CPI and Empire State manufacturing could shift Fed rate expectations.
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.