The Latest Breaking News from BofA

Will Berkshire Hathaway's BNSF make a coast-to-coast play?

The FTSE 100 index closed down 11.77 points, 0.1%, at 8,926.55.

Bank of America forecast that quantum computing could reach a key milestone by 2030-2033. But BofA did not rate quantum computing stocks.

Americans adopted roughly 23 million pets during the pandemic, and Bank of America Research sees the "COVID cohort" nearing middle age.

The U.S. stock market has just completed one of its strongest three-month runs in history, with the SP 500 soaring 26% between April 9 and July 10, a pace of gains rarely seen. While historical analogues suggest further upside, signs of overheated investor sentiment are starting to worry market watchers.

BofAmerica Securities analyst Andrew Obin maintained a Buy on Honeywell International (NASDAQ:HON) and increased the price target from $250 to $275 on Monday.

Bristol-Myers Squibb Co. (NYSE:BMY) is gearing up to announce its second-quarter 2025 earnings on July 31, with expectations for adjusted earnings of $1.585 per share on sales of $11.31 billion, according to data from Benzinga Pro.

Bank of America dropped its top 10 stock ideas for the third quarter of 2025, and the list includes some familiar names like Boeing Co. (NYSE:BA) and Cisco Systems Inc. (NASDAQ:CSCO)—but also a couple of bearish calls investors might not see coming.

SoFi Technologies Inc. (NASDAQ:SOFI) has seen its stock soar by approximately 45% in the past month, fueled by potential legislative changes that could significantly reroute student loan demand from federal programs to private lenders.

On Wednesday, Costco Wholesale Corp (NASDAQ:COST) reported net sales of $26.44 billion for the retail month of June, which includes the five-week period ending July 6.

Nvidia extended gains to become the world’s first $4 trillion company on Wednesday. BofA analyst still sees further upside in NVDA shares.