Financial News

Chris Veronne, Strategas, joins 'Closing Bell Overtime' to share hsi technical take on the current market picture.

Bank of America's fair value estimate has shifted to US$62.98 from US$62.72, a small price target adjustment that reflects fine tuning rather than a wholesale change in view. This move sits against a backdrop of mixed Street commentary, with some analysts lifting targets by US$1 to US$6 while others are trimming by as much as US$10 and even removing the stock from a US Conviction List. Read on to see what is driving these cross currents and how you can follow the evolving narrative around the...

Bank of America has added FedEx (NYSE:FDX) to its “US 1 List,” a collection of its best investment ideas. The move, announced May 11, is a high-conviction symbolic signal even without a fresh price target attached. For long-term investors, the inclusion reframes FedEx stock as one of Wall Street’s preferred industrial transformation plays heading into ... BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List

Bank of America (NYSE:BAC) analyst Matthew O’Neill raised his price target on Affirm to $88 from $82 on May 11, while reiterating a Buy rating. The analyst upgrade follows a “clean beat and raise” fiscal Q3 2026 report and frames the recent share dip as “a brief air pocket” ahead of the company’s investor forum. ... BofA Hikes Affirm Price Target to $88: Clean Beat and Raise Sets Up the May 12 Investor Day

(Bloomberg) -- Fervo Energy Co., a geothermal energy developer, is seeking to raise as much as $1.82 billion in a US initial public offering, raising its target from $1.33 billion.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyModi Asks Indians to Stop Buying Gold, Hitting Jewelry StocksDrone Hits Ship Near Qatar as US Awaits Iran Peace

Investing.com -- Two Wall Street banks have revised their Federal Reserve forecasts, pushing back expected rate cuts as sticky inflation and a resilient labor market reduce the urgency for easing, even as the outlook remains clouded by multiple supply shocks.

Brazilian payment firm Elo is moving ahead with plans for a possible initial public offering in the United States, two people familiar with the matter told Reuters.Founded in Brazil, Elo debuted in...

JPMorgan is rolling out fintech-style, low-fee Chase accounts and an upgraded app to win Gen Z - targeting 30M new-to-banking customers.

The Indian investment banking and securities arm of Bank of America settled a case for alleged violation of insider trading and merchant banking rules with the country's markets regulator by paying...

(Bloomberg) -- Alphabet Inc. is planning to issue yen bonds for the first time in a move that may help fund investments as artificial intelligence competition intensifies.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyDrone Hits Ship Near Qatar as US Awaits Iran Peace Plan ResponseJudge to Review Musk, SEC Settlement Deal in Twitter Stak

HubSpot gave investors a first-quarter report that showed several positive headline numbers, but Bank of America came away focused on a different part of the story. The firm downgraded HubSpot to underperform from buy and cut its price objective to $180 from $300, arguing that the ...

Many Americans are feeling financially strained these days. And when we look at how inflation is trending, it's easy to see why. The Consumer Price Index rose 3.3% on an annual basis in March. Although fuel oil mostly drove the increase, food costs rose substantially as well — particularly ...

Construction Partners is back in focus after a fresh price target cut to $139 from $142, which narrows the implied upside and tightens the valuation range around the stock. This adjustment sits alongside more bullish research that lifts a separate target to $147, leaving you with a split analyst backdrop built from the same fiscal Q1 and model updates. Read on to see what is driving each camp’s view and how you can track the evolving narrative from here. Analyst Price Targets don't always...

Increasingly economists are contemplating a scenario where the central bank makes no change to rates.

Wall Street week ahead: CPI, retail sales, AI IPOs, big earnings & 13F filings.

Investing.com -- A high-stakes legislative battle has intensified between the traditional banking sector and the cryptocurrency industry as a key Senate panel prepares to mark up a landmark digital asset bill next week.

Planet Fitness investors received a tougher view from Bank of America after the gym operator’s latest earnings update reset expectations for membership growth, pricing, and the company’s near-term stock setup. Bank of America downgraded Planet Fitness to neutral from buy and lowered its price ...

I have a theory about Costco. When the economy gets confusing, when tariffs are rising, inflation is creeping back, and nobody is quite sure what happens next, people don't stop spending. They just get smarter about where they spend. Costco (COST) is where smart spending goes. That theory got fresh ...

Bank of America believes the materials sector could emerge as one of the next major beneficiaries of several powerful global trends, despite currently representing only around 2% of the S&P 500’s total market value, close to its smallest weighting in three decades. According to BofA chief strategist Michael Hartnett, the sector is “set to join new bulls on the block,” supported by rising geopolitical competition for natural resources, rapidly expanding artificial intelligence investment, higher

Wondering if Bank of America at around US$52.75 is still offering value or if most of the opportunity has already played out? This article focuses squarely on what the current price might mean for you. The stock is currently priced at US$52.75, with returns of 4.9% over the last 30 days, a 1.3% decline over the last 7 days, and 29.7% over the past year. The year to date return sits at a 5.7% decline, and the 3 year and 5 year returns are 108.2% and 42.4% respectively. Recent headlines around...

JPMorgan dominates on scale and profits, while Bank of America wins on value and yield. Here's which big bank stock deserves your money in 2026.

Dozens of digital asset job openings have appeared at traditional financial institutions in recent weeks. From JPMorgan Chase (NYSE: JPM) and Morgan Stanley (NYSE: MS) to BlackRock (NYSE: BLK) and Bank of America (NYSE: BAC), everyone wants to tap the crypto talent pool. The roles span engineering, ...

The filmmaker on his new documentary, ‘The American Revolution,’ and why he steers clear of HBO and Netflix.

These companies have what investors want.

Bank of America is one of my longest-held positions, and one I don't plan to sell anytime soon.

Bank of America raised its price objective on Arm Holdings after the chip-design company posted a stronger March quarter, but the firm stopped short of turning more bullish on the stock as investors continue to price in a larger artificial-intelligence opportunity. In the Bank of America note, ...

Grand Theft Auto 6 is not just another video game launch. The next open-world blockbuster from Rockstar Games is anticipated to be among the largest entertainment releases in years, offering parent firm Take-Two Interactive (TTWO) a level of pricing power that few publishers ever get to explore. ...

Amplitude (NASDAQ:AMPL) has been downgraded to a ‘Neutral’ rating from ‘Buy’ by Bank of America analysts, citing increased execution risk and a weaker-than-previously expected profitability outlook. The analysts also reduced their price target to $8 from $10. Shares traded hands up 5% at...

Bank of America offers several credit cards with great rewards for different types of spenders — and many have no annual fee. Here's how to choose the right one for you.