Pre-market futures are down at this hour, led by the tech sector on the Nasdaq, which has shed -372 points at this hour, -1.24%. The Dow is -97 points, -0.18%, the S&P 500 -33, -0.43%.
Big banks report earnings, and CPI brings us the latest Inflation Rate, Tuesday morning.
Bank of America BAC is scheduled to announce second-quarter 2026 results on July 14, before the opening bell. The company began 2026 on a positive note, with robust trading and investment banking (IB) performance driving first-quarter results.
Wall Street's biggest banks are heading into second-quarter earnings season with investor expectations running high. Strong trading activity, resilient consumer spending, healthy loan demand, good capital market activity and a pickup in artificial intelligence (AI)-driven capital markets activity have fueled optimism.
Bank of America said on Monday it has hired nine senior bankers across the United States to expand its regional investment banking footprint, as the lender looks to capture growing demand from middle-market companies.
Big banks start reporting Q2 earnings next week. Strong results could fuel a fresh rally in financial ETFs like XLF, IYG, IYF and VFH.
Mark Zuckerberg's Meta Platforms (NASDAQ: META) was rewarded for its stock market strength in the last two weeks with reinvigorated Wall Street bullishness and a particularly strong endorsement from Bank of America (NYSE: BAC).
Bank of America and Wells Fargo are entering Q2 earnings with improving fundamentals, but solid earnings momentum and estimate revisions give one bank an edge.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Bank of America (BAC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2026.
Micron stock has dropped from levels of more than $1,200 and BofA analysts say there's a chance to buy at a discount.
Total Q2 earnings for the S&P 500 index are currently expected to be up +24.0% from the same period last year on +11.3% higher revenues, with expectations steadily increasing over recent months.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) remains well positioned to maintain its dominant share of artificial intelligence infrastructure spending, according to Bank of America, which reiterated its ‘Buy' rating on the chipmaker and said current valuation levels already reflect an overly cautious earnings outlook. In a note addressing key investor concerns around gross margin pressure, custom AI chip competition, concentrated ownership and capital allocation, Bank of America analysts wrote that Nvidia could sustain a 65% to 70% or greater share of AI capital expenditure over the long term.