The Latest Breaking News from Bank of America

Snap Inc (NYSE: SNAP) shares are plummeting 40% after CEO Evan Spiegel warned employees the company will miss its targets for revenue and earnings in the second quarter.

The S&P 500 has slumped to open 2022, and rising interest rates could further pressure stock valuations in coming months. Whether the market is up, down or sideways, dividends are one steady, reliable source of income for investors, but dividends are only as reliable as the companies that pay them.

Bank of America's (NYSE:BAC) short percent of float has fallen 3.7% since its last report. The company recently reported that it has 62.69 million shares sold short, which is 0.78% of all regular shares that are available for trading.

Walmart Inc (NYSE: WMT) shares were in the clearance aisle Wednesday after the company reported rising costs related to supply chain problems and inflation in the first quarter.

Integrated LatAm healthcare and pharmaceutical company Procaps Group (NASDAQ:PROC) has agreed to acquire Grupo Somar (including Grupo Farmacéutico Somar, Química y Farmacia, Gelcaps, and related entities) from Advent International, private equity. Deal terms were not disclosed. Grupo Somar is focused on developing, manufacturing, and marketing branded generic, private label, and OTC products targeted to…

During periods of stock market weakness, investors can still generate yield from high-quality dividend stocks. The Federal Reserve has already raised interest rates by 0.75% so far in 2022, but there are plenty of high-yield dividend stocks paying 6% or more at current prices.

Nio Inc - ADR (NYSE: NIO) shares traded higher by 4% on Monday after one Wall Street analyst upgraded the stock. The Analyst: Bank of America analyst Ming Hsun Lee upgraded Nio from Neutral to Buy and raised his price target from $25 to $26.

Someone with a lot of money to spend has taken a bearish stance on Bank of America (NYSE:BAC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

U.S. GDP dropped 1.4% in the first quarter of 2022, and the SPDR S&P 500 ETF Trust (ARCA: SPY) is down 16.3% year-to-date as investors become increasingly concerned about the possibility of a U.S. recession in 2022.