The Latest Breaking News from BofA

Urban areas now account for 55% of the global population, according to Bank of America analysts.

The pandemic has created a new billionaire every 30 hours, and the inequality of income distribution is increasing.

'We believe airlines are set up for positive revisions this summer, and we raise our estimates for second-quarter guidance,' BofA said.

Small-cap tech stocks have struggled recently, with the tech sector representing the No. 2 detractor from the Russell 2000 this year.

BofA analyst Vivek Arya believes chipmaker Nvidia Corp (NASDAQ: NVDA) could benefit from growth in several areas. Arya chose Nvidia as his top large-cap sector pick.

Bank of America put together a list of S&P 500 stocks with the highest free-cash-flow-to-enterprise value ratios.

The price of the global benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday.

Apple Inc (NASDAQ:AAPL), facing mounting criticism of its App Store policies, has defended the platform citing the small-business jobs and revenue it generates, Bloomberg reports. The App Store is under intense scrutiny from government officials in the U.S. and Europe, which also have been after Meta Platforms Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).  Also Read: BofA Lists Reasons…

Ten stocks make up the list of companies likely to benefit from recent gains in the greenback.

BofA analyst Wamsi Mohan noted that Apple Inc's (NASDAQ: AAPL) App Store revenue growth in fiscal Q3-to-date has grown to $2.6 billion, or up 7% year-over-year through April 30, according to SensorTower data. 

While Ginkgo Bioworks Holdings Inc’s (NYSE: DNA) overall first-quarter results were better than expected, revenues and active programs in its core Foundry segment fell short of estimates, according to BofA Securities.