BANK OF AMERICA CORP /DE/
BANK OF AMERICA CORP /DE/ (BAC) Stock News
The latest BAC headlines and market coverage — 10 recent stories, updated throughout the day.
- GlobeNewswire Inc.·
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Ferrari N.V. announced the purchase of 43,000 common shares between October 5-9, 2026, as part of its €250 million third tranche share buyback program. The company invested €114.8 million at an average price of €344.08 per share on Euronext Milan. Since January 2026, Ferrari has purchased 2,032,307 shares for a total consideration of €627.7 million under its multi-year €3.5 billion buyback initiative expected to conclude by 2030.
- Zacks Investment Research·Neutral
Strength Seen in SBA Communications (SBAC): Can Its 7.3% Jump Turn into More Strength?
SBA Communications (SBAC) surged 7.3% to $182.49, driven by optimism around SpaceX's spectrum acquisition deal which could boost demand for terrestrial infrastructure and tower leasing opportunities. However, the company faces headwinds with expected quarterly FFO down 5.5% year-over-year and revenues declining 0.7%. FFO estimate revisions have declined 0.5% over the past month, suggesting the recent rally may not sustain. The stock holds a Zacks Rank #3 (Hold) rating.
- Zacks Investment Research·
Will AI Become BAC's Next Major Efficiency & Growth Lever?
Bank of America has transitioned its AI strategy from experimentation to deployment, implementing 130-140 AI use cases with $400M in investment generating approximately $800M in benefits. The bank expects 50 new use cases quarterly and plans to double its AI budget next year. Erica digital assistant has surpassed 3.2B client interactions, while AI tools are boosting employee productivity by 10-15%. Peers JPMorgan and Wells Fargo are similarly expanding AI adoption across operations for efficiency and customer engagement.
- Zacks Investment Research·
BAC Warns of Q3 Capital Markets Weakness: Will Fee Income Take a Hit?
Bank of America expects Q3 investment banking fees of $1.6-$1.8B, down ~15% year-over-year, with trading revenues flat. However, wealth management AUM fees projected to rise 10-15% should offset some weakness. CEO Moynihan noted a 'very strong' deal pipeline, suggesting the slowdown may be timing-related rather than structural.
- GlobeNewswire Inc.·
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Ferrari N.V. has purchased 35,641 common shares across Euronext Milan and NYSE as part of its third tranche of a multi-year €3.5 billion share buyback program announced during the 2025 Capital Markets Day. As of September 4, 2026, the company has invested €523.4 million to repurchase 1,736,825 shares since January 5, 2026, representing 0.92% of total issued common shares.
- Zacks Investment Research·Neutral
SBA Communications (SBAC) Up 0.5% Since Last Earnings Report: Can It Continue?
SBA Communications beat Q2 2026 earnings estimates with AFFO per share of $3.03 vs. consensus of $2.96, driven by strong international site-leasing growth of 30.5%. However, domestic weakness and rising costs pressured profitability, with AFFO declining 3.8% year-over-year. The company raised its 2026 revenue and AFFO guidance slightly, but analyst estimates have trended downward in the past month. The stock carries a Zacks Rank #3 (Hold) with an overall VGM Score of F.
- Zacks Investment Research·
BAC Records 9% Y/Y Growth in NII in 1H26: Will the Uptrend Continue?
Bank of America reported strong net interest income (NII) growth of 9% year-over-year in the first half of 2026, reaching $31.7 billion with Q2 hitting a record $16 billion. The growth was driven by solid loan and deposit expansion, favorable asset repricing, and improved net interest yield. Management expects 2026 NII growth near the upper end of its 6-8% guidance. BAC shares have outperformed the industry with a 25.1% gain over six months, though the stock trades below industry valuation multiples at 2.20X price-to-tangible book.
- Zacks Investment Research·Neutral
Should You Buy BAC Stock as AI-Led Branch Expansion Boosts Efficiency?
Bank of America is leveraging AI, digital adoption, and branch optimization to improve operating leverage, with Erica surpassing 3.2 billion interactions and plans for 150+ new financial centers by 2027. While the bank shows strong revenue growth, improving earnings outlook, and industry-leading deposit franchise, near-term expense pressures and elevated cost growth remain concerns. The stock is rated a Hold despite long-term efficiency potential.
- GlobeNewswire Inc.·
El R88 de Robinson hace su debut en Sudamérica en LABACE 2026; el robusto helicóptero multimisión está listo para revolucionar el mercado latinoamericano
Robinson Helicopter Company is debuting its R88 helicopter in Brazil at LABACE 2026 (August 4-6). The 10-seat, multi-mission aircraft features a Safran Arriel 2W engine, 3,000+ lbs payload capacity, and over 3.5 hours of flight range. The company positions the R88 as a cost-effective solution between light single-engine and expensive twin-engine helicopters for executive transport, agriculture, and utility operations in Latin America.
- GlobeNewswire Inc.·
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Ferrari N.V. announced the completion of its second tranche of a €250 million share buyback program on the Euronext Milan and NYSE exchanges. Between July 20-24, 2026, the company purchased 57,800 common shares at an average price of €321.35. Since the program's inception in January 2026, Ferrari has repurchased 1,612,475 shares for a total consideration of €479.4 million as part of its multi-year €3.5 billion buyback initiative through 2030.