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BML-PRL
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EXCLUSIVE-India's Ola Cabs plans $500 mln IPO, to appoint banks soon, sources say
India's Ola Cabs plans $500 mln IPO, to appoint banks soon, sources say. SoftBank-backed Ola is India's answer to Uber UBER.N and plans to file papers for approval within three months. The company is in talks with investment banks, says sources.
Reuters · 10h ago
Wall St Week Ahead-'Crowded' megacap trade in US stocks awaits earnings test
Some of the biggest technology and growth companies in the U.S. Are set to report next week. Tesla, Alphabet, Microsoft and others are among the Magnificent Seven. The group of companies led the S&P 500 to a 24% gain last year. Megacap stocks are seen as the market's most crowded trade in US stocks.
Reuters · 13h ago
UPDATE 2-Southwest Gas unit Centuri jumps in strong market debut
Southwest Gas unit Centuri jumps in strong market debut. Centuri builds and maintains energy across the U.S. And Canada. The spun-off unit of Southwest Gas raised $260.4 million in its initial public offering. The company is the third-largest utility services provider in North America.
Reuters · 1d ago
FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets
Major banks release forecasts for global growth, inflation and other assets in 2024. HSBC, BofA Global Research, Wells Fargo Investment Institute provide forecasts for 2024. Forecasts come as major central banks across the globe have indicated interest rate cuts this year. U.S. Consumer prices are expected to rise more than expected in March.
Reuters · 1d ago
CORRECTED-BREAKINGVIEWS-Wells Fargo has worn its dunce cap long enough
Wells Fargo was prohibited from getting bigger for a series of flagrant customer abuses. John Foley says the bank has worn its dunce cap long enough. He says the $2 trillion cap on assets is costly to Wells Fargo. The bank missed out on $540 billion of deposit growth, he says.
Reuters · 1d ago
Comerica quarterly profit slumps on weaker interest income
Comerica quarterly profit slumps on weaker interest income from customers. High deposit costs have made it costly for banks to retain deposits. Comerica's interest income fell 23% to $548 million in the first quarter. High interest rate environment has hurt other U.S. Banks.
Reuters · 1d ago
BANK OF AMERICA CORP <BAC.N>: BMO RAISES TARGET PRICE TO $37 FROM $36
Reuters · 1d ago
U.S. RESEARCH ROUNDUP- Builders Firstsource, Eli Lilly, Northern Trust
Wall Street analysts revise their ratings and price targets on several U.S.-listed companies. Builders Firstsource, Eli Lilly, Northern Trust and Abbott Laboratories are among those. Alphabet Inc raises its target price to $165 from $160. TenX Genomics Inc, a maker of DNA sequencing equipment, is downgraded to hold from sell.
Reuters · 1d ago
Walmart-backed Ibotta targets up to $2.7 bln valuation in US IPO
Walmart-backed Ibotta targets up to $2.7 bln valuation in US IPO. Digital marketing company will likely raise $577.3 million in its IPO. The company plans to sell 6.6 million shares of its class A common stock at $88 apiece.
Reuters · 1d ago
Bank Of America: Prospectus [Rule 424(b)(2)]
Press release · 1d ago
Bank Of America: Statement of changes in beneficial ownership of securities
Press release · 1d ago
BANK OF AMERICA ANNOUNCES REDEMPTIONS OF FLOATING RATE SENIOR NOTES DUE APRIL 2025 AND 3.841% FIXED/FLOATING RATE SENIOR NOTES DUE APRIL 2025
Reuters · 2d ago
UPDATE 1-Citizens' profit slips on weak interest income, expects loans to pick up H2
Citizens Financial's interest income falls 12% to $1.44 billion in the first quarter. Bank expects loan growth to pick up in the second half of the year, CEO says. Banks in the U.S. Have been bracing for a turnaround in interest income.
Reuters · 2d ago
LIVE MARKETS-BofA clients still bypass healthcare stocks
BofA clients still bypass healthcare stocks for a third-straight week. BofA Securities equity and quant strategist says clients reduced equity exposure last week. The healthcare sector saw the eighth largest weekly outflow in the firm's history. The group continues to have the longest selling streak of any sector.
Reuters · 2d ago
CORRECTED-Japanese valuations continue to appeal despite strong run, investors say
Japanese valuations continue to appeal despite strong run, investors say. Nikkei rallied to a record high in March. Earnings buoyed by Japan's improving corporate governance and macro fundamentals continue to drive optimism. Japan is the "go-to market" in Asia, fund managers say.
Reuters · 2d ago
Japanese valuations continue to appeal despite strong run, investors say
Japanese valuations continue to appeal despite strong run, investors say. The Nikkei .N225 rallied to a record high in March. Earnings, improving corporate governance and macro fundamentals continue to drive optimism. Japan is the "go-to market" in Asia for investors.
Reuters · 2d ago
BANK OF AMERICA <BAC.N>: OPPENHEIMER CUTS TARGET PRICE TO $45 FROM $46
Reuters · 2d ago
REFILE-WRAPUP 4-Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week. The cuts come on the back of weaker dealmaking and sluggish markets in China and Hong Kong. Morgan Stanley is cutting at least 50 jobs, sources say, affecting around 13% of its Asia investment banking workforce. The moves are among the largest for the banks' China-focused investment banking teams.
Reuters · 2d ago
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About BML-PRL
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.