The Latest Breaking News from Bank of America

One of America’s biggest banks has invested in a Londonfintech startup elbowing its way into the fiercely competitive online payments market.

Veritone Inc (NASDAQ: VERI) shares gained 1.6% on Wednesday after some new bullish comments from one Wall Street analyst. The Analyst: Bank of America analyst Koji Ikeda initiated coverage of Veritone with a Buy rating and a $22 price target.

The digital payments market is one of the largest and fastest-growing businesses within the finance and tech sectors. Adoption of digital payments over traditional cash and credit cards accelerated during the pandemic in 2020 and 2021.

Shares of Bank of America Corporation (NYSE: BAC) are overbought and at resistance, which means it may be time to sell.

The S&P 500 is off to a shaky start to 2022, down 5.5% year-to-date. As bad as things have been for the S&P 500, they have been even worse for the tech-heavy Nasdaq Composite, which is down 9.9% so far in this year.

Someone with a lot of money to spend has taken a bearish stance on Bank of America (NYSE:BAC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The U.S. IPO market was red-hot in 2021. The total number of traditional U.S. IPOs hit its highest level since the dot-com boom in the late 1990s, while total IPO deal value reached record levels last year.

A whale with a lot of money to spend has taken a noticeably bullish stance on Bank of America. Looking at options history for Bank of America (NYSE:BAC) we detected 33 strange trades.

Coffee prices recently hit the highest level in 10 years, but Bank of America analyst Sara Senatore said Monday that Starbucks Corporation (NASDAQ: SBUX) investors shouldn't sweat coffee inflation.

Someone with a lot of money to spend has taken a bearish stance on Bank of America (NYSE:BAC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Bank of America (BAC) and Citibank (C) are two heavyweights in the banking industry. The possibility of multiple interest rate hikes in 2022 will enable bank stocks to increase profit margins in the next 12-months. Let’s see which of these two stocks should be part of your shopping list right…