FINWIRES · TerminalLIVE
FINWIRES

Bank of America Delivers Strong Q1 Results, RBC Says

-- Bank of America's (BAC) Q1 results showed solid earnings growth with broad-based franchise momentum, RBC Capital Markets said in a Wednesday note.

"BAC's diversified business model continues to demonstrate its

ability to grow with the US economy," the report said.

The note said its core business of gathering deposits and levering the deposit growth with loans should lead to stronger long-term earnings growth.

"Its core low-cost deposit base is its strongest asset, and we expect it to shine over the next 12-months as the yield curve steepens," the report said.

The note also said the bank is well capitalized and should return capital with dividends and stock buybacks. RBC kept its outperform rating and a $59 price target.

Price: $54.23, Change: $-0.09, Percent Change: -0.17%

Related Articles

Treasury

Scotiabank Previews This Week's Retail Sales Data in Canada

Canadian retail sales for the month of February and the preliminary estimate for March will be released on Friday, said Scotiabank.Statistics Canada had previously indicated that February's nominal sales were tracking a gain of almost 1% month-over-month seasonally adjusted. That may be revised, which isn't uncommon, and required details like volumes versus prices and sector breakdowns will be offered, noted the bank.March is a bit of a wildcard and only the headline preliminary estimate will be offered, stated Scotiabank.Q1 is tracking the fastest growth in retail sales volumes since H2 2024, pointed out the bank. That's based on the Q4 average, the surge in January and Scotiabank's estimate of the volume portion of the preliminary guidance for February's sales, while holding March unchanged to focus the math on what is known.Investors will learn more this week, but this measure correlates very strongly with goods spending by consumers within the gross domestic product accounts.

$$CXY
Asia

Nanya Technology Buys Factory Equipment Worth NT$365 Million

Nanya Technology (TPE:2408) acquired factory equipment worth NT$365.1 million for production purposes.The equipment was purchased from Nan Ya Photonics, a related party, between December 2025 and April 2026, according to a Wednesday Taiwan Exchange filing.The purchase will support the company's operational and manufacturing needs, itthe company said.

$TPE:2408
Asia

LG, Nvidia to Develop Domain-Specific AI Models

LG AI Research Institute and Nvidia agreed to expand their collaboration to develop new AI models, LG Corp. (KRX:003550) said in a press release on Wednesday.The two entities plan to develop domain-specific AI solutions, which would involve combining LG's AI model ExaONE with Nvidia's Nemotron AI ecosystem, the release said.Shares of LG Corp. rose nearly 1% at market close.

$KRX:003550