The Latest Breaking News from Bank of America

The Dow Jones rose Tuesday after key economic data. Bank of America jumped on strong earnings results on the stock market today.

June S&P 500 E-Mini futures (ESM25) are up +0.05%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.14% this morning, pointing to a muted open on Wall Street, while investors await U.S. economic data, quarterly reports from more big banks, and remarks from Federal Reserve officials.

The US earnings season begins on Friday, with major banks reporting their first-quarter results before the market opens. Despite expectations for solid quarterly performances, analysts anticipate conservative guidance due to tariff-related uncertainties.

Analysts cut estimates, citing tariffs and stock market jitters

Bank of America has named Energy Transfer as a top dividend stock for Q2 2025, citing its strong financials, strategic growth initiatives, and attractive 8% forward dividend yield.

Automakers have already started to adapt to the 25-percent tariff imposed on car imports by US President Donald Trump, from pausing production to raising prices or halting certain models.

Economists are slashing eurozone growth forecasts after Trump’s 20% tariffs on EU exports. Weaker trade, confidence, and investment now dominate outlooks, boosting expectations for ECB rate cuts, with April seen as likely. Inflation risks take a back seat for now.

Lyft stock was double-downgraded to an underperform rating from a previous buy call by analysts at Bank of America.

The stock may experience volatility until this catalyst passes.