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Bank of America said on Tuesday it has enhanced its AI-powered EricaAssist tool, which would help more than 18,000 customer service representatives resolve client needs faster by delivering real-time guidance during conversations. The new generative AI capabilities deliver contextual guidance in under three seconds,, the bank said in a statement. The move comes as major banks are ramping up how they incorporate digital assistants in their daily operations, determining how such agents interact with human colleagues and clients as they race to get ahead.
Economic resilience is probably something most Americans would welcome. We’re seeing that consumer spending is still growing, wage gains haven’t gone away, and corporate dealmaking is showing fresh momentum. Those trends point to a country that is successfully blowing past the recent ...
Strong services growth may offset weaker product margins
Netflix (NFLX) shares had a rough week, and Wall Street can't agree on what will happen to the stock next. The company's earnings came in close to Wall Street expectations. However, investors sold the stock anyway. Netflix Shares closed at $68.95 on Friday, July 17, down 7.26% on the day after ...
Bank of America strategists recapped the first week of earnings saying that with 50 S&P 500 companies reports in, 88% beat expectations. UBS' CIO office also flagged stronger than historical averages for both beat rates and EPS growth, saying that the stock market has further to run thanks to what's expected to continue to be a strong earnings season. "The wide gaps between individual stock performance and ongoing risks related to geopolitics and inflation, however, mean that investors should ensure diversified exposure," the strategists wrote.
Apple Drops Before Earnings Even as Bank of America Backs the Tech Giant
Investing.com -- Bank of America reiterated a Buy rating on Apple with a price target of $380 per share in a note on Monday, expecting the company to beat consensus in its fiscal third-quarter results, which will mark Tim Cook's last earnings call as CEO.
(Bloomberg) -- The popular Magnificent Seven stocks moniker is “no longer relevant” in assessing how to play the US artificial intelligence trade, according to Citigroup Inc. strategists.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death Toll Hits 17FCC Near Rulings Against Disney Over
(Bloomberg) -- Bond traders and Federal Reserve Chairman Kevin Warsh are in agreement on a crucial point: The central bank’s fight against inflation still seems far from over. Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesTaylor Farms Pulls Mexican Lettuce as Parasite Cases RiseUS-Iran Attacks Escalate as Strikes Kill Two Am
Investing.com -- Sterling’s break higher supports the case for further long-term gains, although the speed of its recent rally leaves limited near-term upside, Bank of America currency strategists said.
Federal Reserve Chairman Kevin Warsh was subjected to intense questioning by Sen. Elizabeth Warren (D-Mass.) regarding potential ethics violations. On Wednesday, his second day of monetary policy testimony on Capitol Hill, Warsh was grilled by Warren about a $100 million...
(Bloomberg) -- The European Central Bank is likely to hold off on a second interest-rate hike in the coming week while keeping that option open for September.Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesTaylor Farms Pulls Mexican Lettuce as Parasite Cases RiseChip Stocks Slide Into Bear Market in AI Unwind: Markets WrapSpaceX Slump Wipes Out $1 Trillion in Market Value From PeakGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsAfter raising
Microsoft has been one of the worst-performing large-cap tech stocks of 2026, down about 20% year to date, even as the company keeps expanding its AI business and growing Azure at a pace most cloud companies would envy. A lot of investors have been sitting on their hands, waiting either for a ...
Earnings results showed generally solid credit health among borrowers, strong dealmaking activity, and blowout trading numbers.
Gold’s 2026 story was mostly supposed to be how high the safe-haven trade could potentially run. For context, the shiny yellow metal soared roughly 63% in 2025, according to LBMA benchmark data, the strongest annual gain in more than four decades. Lately, though, the bull case has been ...
The tech selloff has spread beyond semiconductor stocks to many of this year’s biggest listings, even as some Wall Street analysts argue the pullback is a healthy reset rather than the end of the AI boom.
When gas prices go up, consumers generally shift their spending away from other areas because, in many cases, driving isn't optional. "Faced with higher gasoline bills, some households may be inclined to trim their spending on other things. In the April Consumer Checkpoint, we discussed how some ...
Bank of America has announced senior appointments to drive AI adoption and implementation across its global markets group, according to an internal memo seen by Reuters on Friday. The bank named Kevin Milsom as head of platforms AI transformation, according to the memo by Ashok Krishnan, head of platforms within the global markets group. Krishnan leads efforts to modernize technology and increase automation, including the rollout of generative AI tools and other new technologies.
(Bloomberg) -- The cost of hedging against swings in the dollar has fallen to its lowest level this year, signaling that traders see little chance of a major catalyst disrupting the world’s reserve currency despite an uncertain Federal Reserve outlook and resurgent conflict in the Middle East.Most Read from BloombergChip Stocks Poised for Bear Market in AI Unwind: Markets WrapGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsFCC Near Rulings Against Disney Over ‘The View,’ TV Lic
Bank of America watches about 38.7 million checking accounts. That's not a marketing number. It's the size of the window the bank has into how ordinary Americans are actually spending their money, week by week. When Brian Moynihan speaks about the consumer, that's the data he's pulling from, and ...
Cintas Corporation (NASDAQ:CTAS) was upgraded to ‘Buy’ from Neutral by Bank of America, which also raised its price objective to $230 from $200 after the company's better-than-expected fourth-quarter fiscal 2026 results and fiscal 2027 guidance came in above Wall Street expectations. The...
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) reports second quarter earnings tonight, and two major brokerages are sticking with their bullish calls even as the stock has struggled this year. Shares were little changed Thursday at $73.50, but that stability masks a rough 2026 for Netflix investors:...
Bank of America Chair and CEO Brian Moynihan discusses the continued strength of the US consumer and breaks down the firm's second-quarter earnings. Moynihan also talks about lending and mortgages, inflation, and the role of data and AI within the company on "Bloomberg Surveillance."
Q2 earnings season kicked off with the big banks swinging for the fences, and Jefferies sees four dividend-paying giants still leaving serious upside on the table despite the rate uncertainty clouding the second half of 2026.
While we are still in the opening stages of the Q2 reporting cycle, the early results strongly reinforce the robust corporate earnings trend we've been seeing, with the big banks starting off the Q2 earnings season with remarkable momentum.
(Bloomberg) -- Global investors largely shut out of China’s biggest IPO in nearly four years are looking at creative proxy trades as a way to profit from the country’s fast-rising memory-chip leader. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeA Cocaine Bust