Bank of America plans to acquire England-based cybersecurity firm MDSec, marking the lender’s first acquisition in five years.
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Bank of America said on Thursday it plans to acquire information security firm MDSec Consulting Ltd, as it bolsters its capabilities against cyber attacks. The deal is expected to be completed during the fourth quarter of 2026 following regulatory approval, the second-biggest U.S. lender said in a statement. Companies worldwide are grappling with a surge in AI-driven cyberattacks and ransomware that steal sensitive data and disrupt operations.
The 14-person team, formerly known as the Boston North Shore Group, serves a mix of wealthy retail and institutional clients.
Chevron is benefiting from higher oil prices while pursuing new growth opportunities in Iraq, Venezuela, Argentina, and power generation for AI data centers.
(Bloomberg) -- It had been just six weeks since Federal Reserve Chairman Kevin Warsh vowed to reestablish the central bank’s reputation as an inflation fighter. But as he took to the podium to explain why the Fed again sat on the fence Wednesday — and held interest rates steady even as consumer prices keep rising far faster than its target, month after month — Wall Street analysts found the message far from reassuring.Most Read from BloombergUS Strikes Iran Again as Conflict Spreads Across Middl
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Bank of America stock has more than doubled over the past three years, yet current valuation checks still point to a discount relative to an intrinsic value estimate based on the Excess Returns model and to what earnings multiples imply. The share price has returned 111.1% over three years, which puts fresh focus on whether recent gains already reflect the underlying value of Bank of America. AI adoption across its operations and client services can support expectations for profitability,...
Cigna Group will report its earnings on Thursday under its new chief executive, Brian Evanko. It’s transitioning its pharmacy benefits business to a rebate-free model.
Consistent execution is earning Coca-Cola a richer multiple
Goldman’s stock, which fell 4.6%, was on track for its worst performance in two months. Morgan Stanley, JPMorgan, and Bank of America—all of which hit records this month, too—dropped 3.4%, 2.3%, and 1.2%, respectively on Wednesday. Citi was down 3.3%, and Wells Fargo dropped 2%.
Investing.com -- Shares of L’Oréal SA jumped over 4% on Thursday, a day after the world’s largest beauty group reported second-quarter organic sales growth that beat both consensus and BofA Securities’ estimates, alongside a record first-half operating margin.
Bank of America and American Express both crushed Q2 earnings, but the market rewarded only one of them while punishing the other. The gap between their stories reveals something important about where financial stocks are actually headed.
JPM plans a 10% dividend hike and authorizes a new $50 billion buyback, led by record earnings, excess capital and a resilient balance sheet.
Loans backed by public securities are popular among the rich, but those with illiquid, hard-to-value assets often turn to specialty lenders.
Fortinet has outperformed the broader market over the past year, but analysts are cautious about the stock’s prospects.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the diversified banks industry, including Bank of America (NYSE:BAC) and its peers.
(Bloomberg) -- On the eve of the Federal Reserve’s policy decision, bond traders are on edge. While most expect policymakers to leave interest rates unchanged, prominent voices across Wall Street are putting their weight behind a hike in just the second meeting run by new Chairman Kevin Warsh. Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeAppl
Honeywell International Inc (NYSE:HON, XETRA:ALD) was upgraded to ‘Neutral’ from ‘Underperform’ by Bank of America, which raised its price objective to $265 from $220, above current levels of $247, following a second quarter performance that exceeded expectations and improved visibility into the...
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Jefferies just named five U.S. dividend stocks to its exclusive Global Best Ideas list, and with the S&P 500 stretched to historically expensive valuations, the case for these high-conviction picks has never been more urgent.
Investing.com -- Bank of America expects the Federal Reserve to hold interest rates at its July meeting, and warned in a note on Tuesday that a surprise hike would break with decades of precedent.
(Bloomberg) -- One of this year’s hottest themes in the stock market has been the crowds of traders chasing the recipients of all the planned spending on new artificial-intelligence data centers. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline
BAC, NFLX and TTE lead today's top stock reports, highlighting earnings, growth drivers and key risks shaping their outlooks.
Bank of America (NYSE:BAC) has been highlighted as a primary beneficiary of artificial intelligence adoption, with projected profit margin expansion through 2027. Morgan Stanley strategists have identified the bank as one of the leading US companies expected to see net-margin gains from significant AI investment. This focus on AI comes alongside, but separate from, recent attention on capital returns and leadership changes at the company. For investors tracking NYSE:BAC, the AI angle adds a...
Coca-Cola is scheduled to report second-quarter earnings before the market opens on Tuesday, kicking off another closely-watched quarter for the global beverage giant. For the quarter ended in June, Wall Street analysts polled by Factset expect Coca-Cola to report adjusted earnings of 93 cents a share on revenue of $13.2 billion, representing 6.9% and 4.4% growth, respectively, from a year earlier. In the first quarter, Coca-Cola’s adjusted earnings rose 18% from a year ago to 86 cents a share, while revenue climbed 12% to $12.5 billion, both topping expectations.
Bank of America's trading, investment banking and digital expansion drive growth, but rising costs and market volatility pose key challenges.
Investors were counting on the summer rally to carry into August, buoyed by resilient earnings, cooling inflation, and hope of a turnaround in tech stocks. Bank of America is warning that the calendar might be turning against them. The bank’s latest seasonality analysis, shared with me, points to a ...