Is a Recession Looming? Big Banks' Earnings Could Be an Early Indicator of Financial Strain
Truist Financial Maintains Bank of America(BAC.US) With Buy Rating, Announces Target Price $50
Overview of international financial hot topics from last night to this morning _ April 5, 2025 _ Financial News
For more Global financial News, please move to the 24-hour real-time financial news market. U.S. stocks have suffered consecutive declines, with the Dow Jones plunging over 2200 points entering the correction zone, and the Nasdaq has entered a bear market. On April 4, the top 20 trading volumes of U.S. stocks showed a broad decline in Technology stocks, with NVIDIA dropping below $100. All popular China Concept Stocks fell on Friday, with the Nasdaq Golden Dragon Index plummeting 8.9%, and Alibaba falling 9.9%. U.S. crude oil has dropped below $62, hitting a new three-year low, pressured by Trump's tariffs and OPEC+ increasing production. Spot Gold fell 2.5% on the non-farm payroll day, while spot Silver dropped over 7%. European stock markets have entered a technical correction as concerns about a Global trade war increase.
Bank of America Options Spot-On: On April 4th, 524.29K Contracts Were Traded, With 2.71 Million Open Interest
Investors' Sky-High Expectations for Bank Stocks Hit Tariff Turbulence -- Market Talk
Express News | Bank of America Shares Are Trading Lower. Truist Securities Cut Its Price Target on the Stock From $53 to $50
10 Financials Stocks With Whale Alerts In Today's Session
Bank of America (NYSE:BAC) Sees 13% Weekly Dip Amid Leadership Change in India
Bank of America Is Maintained at Buy by Truist Securities
Famous strategist Hartnett from Bank of America: The S&P 500 Index falling below 5000 points and Trump's approval rating declining will be the "full allocation" Buy opportunity.
Michael Hartnett, a renowned strategist from Bank of America, stated that a decline in the stock market, oil prices, bond yields, and the dollar might stimulate market risk appetite. However, if the labor market shows weakness or uncertainty in fiscal policy increases, it could negatively affect asset prices. Hartnett set three different range levels for the S&P 500 Index and provided corresponding investment strategy recommendations for different scenarios: when the S&P 500 Index is at the 5400 level, if the dollar weakens, it is advisable to buy Emerging Markets (EM) and REITs.
US stock market movement | Bank stocks collectively declined, Citigroup (C.US) fell nearly 8%.
Global bank stocks plunged on Friday.
Express News | S&P 500 Banks Index Tumbles 5.3%, KBW Regional Banking Index Drops 4.1%
Express News | Citigroup Slides 4.6%, Goldman Sachs Down 4.8%, Morgan Stanley Falls 6.1%
Express News | JPMorgan Chase Falls 5%, Bank of America Down 4.3%, Wells Fargo Slips 3.5%
Daily short sale tracking: Intel's short volume increased by 45 million, with a short sale ratio of 22%
Express News | Bank of America : Truist Securities Cuts Target Price to $50 From $53
Keefe Bruyette & Woods Adjusts PT on Bank of America to $55 From $59, Keeps Outperform Rating
Daiwa Securities Adjusts PT on Bank of America to $46 From $54, Keeps Outperform Rating
Express News | Citigroup Down 1.6%, Bank of America Down 1.9%, Morgan Stanley Down 1.6%
Express News | JPMorgan Chase Down 1.8%, Goldman Sachs Down 1.5%, Wells Fargo Down 1.1%