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The Latest Breaking News from Bank of America

Bank Analyst: Yield Curve Inversion 'Hard To Ignore', Plus Top Bank Stock Ideas

On Thursday, the yield curve between 2-year and 10-year U.S. Treasury bonds inverted for the first time since 2019, an economic recession indicator that has been extremely reliable over the past century.

Benzinga

Macau Gaming Revenue Drops 52.7% in March: Here's How To Play It

Macau casino stocks traded higher on Friday despite a huge drop-off in gross gaming revenue in the month of March.

Benzinga

Domino's, Yum! Brands Among Biggest COVID-19 Pandemic Restaurant Stock Winners

One industry that experienced a wide range of disruptions during the COVID-19 pandemic was the restaurant industry. On Thursday, Bank of America analyst Sara Senatore took a deep dive into which restaurant stocks have been winners and which have been losers since the pandemic began.

Benzinga

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An ankle monitor didn’t keep North Carolina man from robbing banks — again and again, FBI says

CHARLOTTE, N.C. — While court records reveal Khalil Prater as a persistent bank robber, he has not proven to be a particularly elusive one.

Tribune News Service

6 Best Transportation Stocks To Buy Right Now: FedEx, UPS And More

Airlines and cruise line stocks have had an extremely volatile couple of years since the pandemic completely shut down global travel back in 2020. Travel industries still haven't recovered to their pre-pandemic levels. In addition, ongoing supply chain issues have created extreme volatility in transportation prices among railroad, trucking and…

Benzinga

Bank of America Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on Bank of America. Looking at options history for Bank of America (NYSE:BAC) we detected 42 strange trades.

Benzinga

When Mortgage Rates Dipped, Fees And Charges Soared

Let’s be clear: anyone who has bought or owned a home over the past twenty years won the interest rate lottery. After peaking at 18.45% in 1982, the height of the so-called Reagan Recession, mortgage rates steadily tumbled to the single digits before dipping under 7% after 9/11, then more…

Benzinga

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How DoorDash Is Taking On Amazon And Walmart With This Newly Announced Partnership

DoorDash Inc (NYSE: DASH) has announced a new partnership with BJs Wholesale Club Holdings Inc (NYSE: BJ) in which even non-BJ's members can get same-day grocery delivery through BJs.com.

Benzinga

Bank Of America Stock Keeps Going Down Despite These Catalysts

Besides the upward or downward momentum in the broad market, certain catalysts may influence the price action in an issue. On some occasions, there can be two distinct positive catalysts on the company with no corresponding rise in an issue’s share price.

Benzinga

What 4 Analyst Ratings Have To Say About Bank of America

Within the last quarter, Bank of America (NYSE:BAC) has observed the following analyst ratings:

Benzinga

$100 Invested In Bank of America 10 Years Ago Would Be Worth This Much

Bank of America (NYSE: BAC) has outperformed the market over the past 10 years by 3.98% on an annualized basis producing an average annual return of 16.28%.

Benzinga

Read Why Morgan Stanley Upgraded Bank Of America

Morgan Stanley analyst Betsy Graseck upgraded Bank of America Corp (NYSE:BAC) to Equal Weight from Underweight with a price target of $49, down from $51. The price target implied an upside of 13.7%. Graseck downgraded the U.S. banks and consumer finance sector to In-Line from Attractive, saying "war changes everything." Graseck upgraded Bank of…

Benzinga

Why Bank Analyst Is Bullish On Citigroup Following CFO Meeting

Citigroup Inc (NYSE: C) shares have lagged the S&P 500 and many of its banking peers so far in 2022, but Bank of America analyst Ebrahim Poonawala said Monday that a recent meeting with Citigroup CFO Mark Mason has him feeling extremely optimistic about the stock's outlo

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For March 28, 2022

Upgrades

Benzinga

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Benzinga

Economist Now Calling For Back-To-Back 0.5% Fed Interest Rate Hikes

The U.S. Federal Reserve raised its target Fed funds rate by 0.25% earlier this month, its first interest rate hike since 2018. The Fed's updated dot plot projections are calling for six more 0.25% rate hikes in 2022, but the latest comments from Fed Chair Jerome Powell suggest the Fed…

Benzinga

This Is What Whales Are Betting On Bank of America

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.

Benzinga

Which Stocks Should You Buy Or Sell If The Yield Curve Inverts?

The difference between the yield on 10-year and two-year U.S. Treasury bonds has dropped below 0.2% and is now at its lowest level since March 2020. Unfortunately, a flattening or negative yield curve can be a very negative indicator for the economy.

Tribune News Service

For 10 years, Alex Murdaugh’s law firm missed millions in thefts. What went wrong?

COLUMBIA, S.C. — Everyone trusted Alex Murdaugh.

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Benzinga

Uber Analyst Says Business Is Booming In March, Despite Spike In Gas Prices

Shares of Uber Technologies Inc (NYSE: UBER) jumped 4.6% on Thursday after the company announced a new deal that will allow the app to list New York City taxis on its app for the first time.

Benzinga

Why Bank Of America Stock Looks Set For All-Time Highs

Bank Of America Corporation (NYSE: BAC) opened slightly higher on Thursday, but immediately ran into a group of sellers and profit takers who dropped the stock down about 1% off the open.

StockNews.com

Better Buy for 2022: Bank of America vs. Wells Fargo

In this article I'll analyze and compare Bank of America (BAC) and Wells Fargo (WFC) to determine which stock is currently a better buy.

Benzinga

4 Internet Stocks To Buy On The Dip

Internet stocks have gotten hit particularly hard by the 2022 stock market sell-off, but Bank of America analyst Justin Post said the market volatility has created some excellent long-term buying opportunities for choosy investors.

Benzinga

5 Nike Analysts Praise Q3 Earnings Beat, Booming North American Sales Growth

Nike Inc (NYSE: NKE) shares gained 4.3% on Tuesday after the company reported a fiscal third-quarter earnings beat, driven by strong North American demand in an uncertain international market.

Benzinga

5 Best Real Estate Stocks To Buy

Real estate can be one of the best ways to hedge against inflation, but buying and selling property, houses, businesses or other real-world real estate is impractical for many smaller investors.

Benzinga

Why Wells Fargo And Bank Of America Shares Are Rising Today

Shares of banks and financial services companies, including Wells Fargo & Company (NYSE: WFC) and Bank of America Corporation (NYSE: BAC), are trading higher amid a rise in yields.

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