Category: America
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Bears see Mag 7’s S&P dominance as ‘one bad payroll away from cracking’: Bank of America
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Adam Smigelski The Magnificent 7 tech giants’ significant impact on the S&P 500 (SP500) could stem from a significant slowdown in U.S. economic activity, Bank of America said. Nasdaq 100 (NDX) and other technology stock indexes (COMP:IND)) (Q Q Q) fell this month as investors moved into small-cap stocks.Rty Way)…
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4 bullish signals are pointing to more stock gains ahead, according to Bank of America
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Spencer Platt/Getty Images Bank of America technical analyst Steven Suttmeyer says the stock market is likely to continue rising. In a note on Tuesday, Suttmeyer highlighted four positive signs that point to a healthy bull market. “The rotation, which is the lifeblood of a bull market, suggests that the S&P…
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Bank of America Q2 profits drop as higher interest rates slow down lending
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NEW YORK (AFP) – Bank of America Corp reported a decline in second-quarter profit on Monday, as higher interest rates eroded the bank’s expenses, including its large consumer banking franchise. But like Goldman Sachs, Bank of America has seen a pickup in activity in its investment banking division, which has…
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Bank of America Q2 profits drop as higher interest rates slow down lending
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NEW YORK (AFP) – Bank of America Corp reported a decline in second-quarter profit on Monday, as higher interest rates eroded the bank’s expenses, including its large consumer banking franchise. But like Goldman Sachs, Bank of America has seen a pickup in activity in its investment banking division, which has…
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What to expect from corporate America By Investing.com
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In a note to clients Tuesday, Bank of America strategists previewed the impending second-quarter earnings season as investors brace for a fresh batch of results after a strong first quarter. In the first quarter, US companies managed to deliver strong earnings, with earnings per share beating consensus estimates by 3%.…
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Simply Asset Finance Secures £120m Loan Facility from Bank of America to Boost UK Business Lending
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Simply Asset Finance has announced a major milestone, securing a £120 million loan facility from Bank of America. This new facility, initially set at £60 million with potential to expand to £120 million, will significantly enhance Simply Asset Finance’s ability to finance businesses across the UK. The agreement strengthens Bank…
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Is Bank of America Stock a Buy?
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Since late October of last year, American bank (NYSE: PAC) The index was on a tear, surging 58% after the Federal Reserve signaled a pause in its rate hikes. The stock has rallied significantly as investors price in the pause and potential rate cuts later this year and next, which…
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First Solana ETP in North America On The Horizon: Details
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On Thursday, 3iQ Digital Asset Management Announce File a preliminary prospectus for the Solana Fund (QSOL) with securities regulatory authorities throughout Canada, excluding Quebec. If approved, QSOL will become Solana’s first exchange-traded product (ETP) (SOL) listed in North America, trading on the Toronto Stock Exchange (TSX) under the symbol “QSOL.”…
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First Solana ETP in North America On The Horizon: Details
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On Thursday, 3iQ Digital Asset Management Announce File a preliminary prospectus for the Solana Fund (QSOL) with securities regulatory authorities throughout Canada, excluding Quebec. If approved, QSOL will become Solana’s first exchange-traded product (ETP) (SOL) listed in North America, trading on the Toronto Stock Exchange (TSX) under the symbol “QSOL.”…
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Broadcom is the next stock that could enter the trillion-dollar club, according to Bank of America
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Reuters Bank of America said Broadcom could be the next stock to reach a $1 trillion market cap. The chip maker’s stock is rising after its quarterly profits exceeded estimates. Bank of America said strong sales, debt paydowns and profitable acquisitions should maintain the company’s momentum. Chip maker Broadcom It…
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Trump, Biden aide woo corporate America executives By Reuters
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Written by David Shepardson, Joey Rowlett and Gram Slattery WASHINGTON (Reuters) – Republican presidential candidate Donald Trump and Jeff Zients, White House chief of staff under US President Joe Biden, met on Thursday with top US business leaders in Washington as they seek to win the support of US companies…
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Bank of America lays out the perfect scenario for stocks to rally after the May jobs report
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“We’re hiring!” A sign is displayed at a Starbucks coffee shop on Hollywood Boulevard on June 23, 2021 in Los Angeles, California.Mario Tama/Getty Images The stock market faces a big test this week with the release of the May jobs report on Friday. Bank of America said the moderate range…
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Datadog lifted to Buy at Bank of America as it establishes itself as the ‘next high quality large cap stock’ By Investing.com
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Bank of America on Thursday announced the upgrade of Datadog, Inc. (NASDAQ:) to Buy from Neutral, with an increased target price of $155, from the previous price of $143. The company cited Datadog’s strong performance and potential growth opportunities, saying it is “establishing itself as the next great quality stock.”…
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Mastercard Rolls Out Crypto Credential Service in Europe and Latin America.
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Global payment giant Mastercard has launched its peer-to-peer cryptocurrency credentials pilot program to simplify how users send and receive digital currencies. The new service is available in more than ten countries in Europe and Latin America. By introducing the Mastercard Crypto Credential, the company aims to simplify and secure cryptocurrency…
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Dick’s Sporting Goods stock surges on raised outlook, Bank of America upgrades to Buy By Investing.com
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(Updated – May 29, 2024 at 9:59 AM EST) Dick’s Sporting Goods (NYSE:) stock jumped more than 15% on Wednesday after the company reported a strong first quarter with earnings and revenue topping analysts’ expectations, prompting the company to raise its full-year guidance. The sporting goods retailer reported adjusted EPS…
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WestJet’s Sunwing deal adds more flights to Latin America, Caribbean
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Article content Canadian travel company WestJet Airlines Ltd. plans to… To increase its presence in Latin America and the Caribbean and offer aircraft with larger seats after purchasing a competitor. WestJet, owned by private equity firm Onex Corp., completed the acquisition last year of low-cost carrier Sunwing Airlines and Sunwing…
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America Will Be A ‘Nation Of Renters’ As Prices Soar Beyond Wages Under Biden’s Watch, Says Grant Cardone
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America will be a ‘nation of renters’ as prices rise beyond wages under Biden, says Grant Cardone Under the Biden administration, the gap between US wage increases and rising rental costs has widened, with real estate tycoon Grant Cardone attributing the disparity to current federal economic policies. While 1.2 million…
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Bank of America: The soft-landing scenario is unfolding
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Here’s a note from Bank of America yesterday: April payrolls (175K) were lower than expected and April CPI (core: down to 3.6% y/y and 0.3% m/m) led the Fed to push its first rate cut from November to September . The yield on the 10-year US Treasury note fell from…