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Bank of America to buy UK's MDSec Consulting to bolster cyber defenses
Reuters16d agobullish
Bank of America to buy UK's MDSec Consulting to bolster cyber defenses

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.

Bloomberg16d agoneutral
‘Talk Is Cheap’: Wall Street Delivers Harsh Verdict on Warsh Fed

(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

Bank of America (BAC) Stock Could Stay Reasonable Despite Fresh AI Expansion News
Simply Wall St.17d agoneutral
Bank of America (BAC) Stock Could Stay Reasonable Despite Fresh AI Expansion News

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,...

Bank Stocks Drop From Record Highs Ahead of Fed Meeting
Barrons.com17d agoneutral
Bank Stocks Drop From Record Highs Ahead of Fed Meeting

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.com17d agobullish
L’Oréal shares jump after strong Q2 beat and record margin

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.

Bloomberg18d agoneutral
Citadel Securities’ Fed Rate Hike Call Adds to Market Angst

(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 upgraded by Bank of America on stronger order trends
Proactive18d agobullish
Honeywell upgraded by Bank of America on stronger order trends

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...

Bloomberg18d agobullish
After Ford Soars 44% on AI Fever, Traders Want Proof It’s Real

(Bloomberg) -- Two months after Ford Motor Co. became the latest old-economy manufacturer to be swept up in the artificial-intelligence rally, investors are looking for proof the enthusiasm was justified. 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 Oi

Bloomberg18d agoneutral
Wall Street Banks Eyed as Overlooked Beneficiaries of AI Trade

(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

Bank of America (BAC) Could Be One Of Wall Street's Biggest AI Winners
Simply Wall St.19d agoneutral
Bank of America (BAC) Could Be One Of Wall Street's Biggest AI Winners

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 Earnings Will Test Whether Beverage Demand Still Has Fizz
Barrons.com19d agoneutral
Coca-Cola Earnings Will Test Whether Beverage Demand Still Has Fizz

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 sends sharp August stock market warning
TheStreet19d agoneutral
Bank of America sends sharp August stock market warning

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 ...