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International

Bank of America CEO Says Consumer Spending, Credit Remain Healthy

Bank of America Corp (BAC) CEO Brian Moynihan said the bank's data shows consumer spending and credit remain healthy despite rising gasoline prices, CNBC reported Wednesday, citing Moynihan's comments on the network's "Mad Money."Consumers spent about 4% more in August than a year earlier, down from 5% growth last quarter, which is "consistent with a strong growing economy," Moynihan said, according to the report."Everything we see is fine," Moynihan said, adding that "credit statistics are as good as they've been for years," the report said.Moynihan pushed back on concerns about record credit-card balances, saying the increase looks less alarming compared with growth of the overall economy, and noted businesses continue to borrow, invest and use credit lines, though higher rates have raised costs particularly for small and midsize businesses, according to the report.

$BAC
Treasury

Update: Market Chatter: Uber Targets 4 Billion Euros From Five-Tranche Euro Bond Deal, Deal Size Could Increase

(Updates with more details on the transaction in the headline and second paragraph.)Uber Technologies (UBER) launched its inaugural five-tranche euro bond offering, which is expected to be priced on the same day, Bloomberg News reported Wednesday, citing a person familiar with the matter.The company expects the transaction to raise around 4 billion euros, although the deal could be expanded, according to separate people familiar with the matter.The company is marketing fixed-rate debt with terms ranging between three and 20 years, with initial yield spreads from 75 to 80 basis points over mid-swaps for the shortest-dated tranche to about 200 basis points for the longest, the news outlet quoted the source as saying.Goldman Sachs (GS), Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) are lead-managing the debt issuance, among others, Bloomberg News reported.Uber Technologies, Goldman Sachs, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BAC$DB$GS$MS$UBER
Treasury

Market Chatter: Uber Technologies Launches Initial Five-Tranche Euro Bond Deal

Uber Technologies (UBER) launched its inaugural five-tranche euro bond offering, which is expected to be priced on the same day, Bloomberg News reported Wednesday, citing a person familiar with the matter.The company is marketing fixed-rate debt with terms ranging between three and 20 years, with initial yield spreads from 75 to 80 basis points over mid-swaps for the shortest-dated tranche to about 200 basis points for the longest, the news outlet quoted the source as saying.Goldman Sachs (GS), Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) are lead-managing the debt issuance, among others, Bloomberg News reported.Uber Technologies, Goldman Sachs, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BAC$DB$GS$MS$UBER
Treasury

Market Chatter: Uber Schedules Meetings for Initial Five-Part Euro Bond Offering

Uber Technologies (UBER) scheduled investor meetings on Sept. 7 and 8 for a potential maiden five-part euro bond sale, Bloomberg News reported Monday, citing an unnamed person familiar with the matter.The company engaged Goldman Sachs (GS), BNP Paribas, Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) as bookrunners for the proposed transaction, the news outlet quoted the person as saying.The debt offering is slated to include fixed-rate notes for three-, six-, eight-, 12-, and 20-year maturities, Bloomberg News reported, citing the person.Uber, Goldman Sachs, BNP Paribas, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BAC$DB$MS$UBER
Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index declining 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.8%.The Philadelphia Housing Index shed 2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.3%.Bitcoin (BTC-USD) fell 1.7% to $77,205, and the yield for 10-year US Treasuries rose 3.8 basis points to 4.796%.In economic news, US job openings rose to 7.271 million in July, according to the Bureau of Labor Statistics, below 7.313 million expected in a survey compiled by Bloomberg and up from 7.182 million in June.The Institute for Supply Management's US manufacturing index fell to 54.6 in August from 55.6 in July, compared with expectations for 55.2 in a survey compiled by Bloomberg.The first look at consumer confidence for September improved from August, with the RealClearMarkets' monthly index rising to 45.6 from 45.1. The gauge was the highest since March.In corporate news, Bank of America's (BAC) Erin Piacenti, vice president of the business selection and conflicts unit, died at the hospital after being stabbed in Times Square Monday, multiple media outlets reported Tuesday, citing the New York City Police Department and the bank's statement. The suspect, Pamela Cisneros, first stabbed a man in the abdomen as he stood with his wife waiting to cross the street, and then continued north on Seventh Avenue and stabbed Piacenti in the abdomen near 42nd Street, Bloomberg reported. NYPD Commissioner Jessica Tisch said the attacks appeared to be random and unprovoked, and the suspect had a history of mental health issues, Reuters reported. Bank of America shares were down 0.1%.S&P Global (SPGI) is considering spinning out Capital IQ Pro, a move that could create a standalone firm worth billions of dollars, Bloomberg reported. S&P is in the early stages of weighing its options for its flagship data and research platform, the report said, adding that the unit could fetch a valuation in the high single-digit billions of dollars in a spinoff scenario. S&P Global shares were up 1.1%.Apollo Global Management-backed (APO) Brightspeed informed investors there is significant doubt it can continue as a going concern, Bloomberg reported. Apollo shares fell 3.8%.Blackstone (BX) and Apollo are among the private equity firms mulling bids for Syensqo's performance and care unit, which could be valued at 3 billion euros ($3.5 billion) or more, Bloomberg reported. Blackstone shares were down 4.7%.

$APO$BAC$BX$SPGI
Wire

Bank of America VP Erin Piacenti Reportedly Dies After Times Square Stabbing

Bank of America's (BAC) Erin Piacenti, vice president of the business selection and conflicts unit, died at the hospital after being stabbed in Times Square Monday, multiple media outlets reported Tuesday, citing the New York City Police Department and the bank's statement.The suspect, Pamela Cisneros, first stabbed a man in the abdomen as he stood with his wife waiting to cross the street, and then continued north on Seventh Avenue and stabbed Piacenti in the abdomen near 42nd Street, Bloomberg reported.NYPD Commissioner Jessica Tisch said the attacks appeared to be random and unprovoked, and the suspect had a history of mental health issues, Reuters reported."We are shocked and deeply saddened by the tragic loss of our colleague. She was a valued teammate who will be greatly missed. Our hearts go out to her family and all of her loved ones", a Bank of America spokesperson said in an emailed response to.Price: $61.85, Change: $-0.09, Percent Change: -0.15%

$BAC
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.7%.The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.Bitcoin (BTC-USD) was rising 2% to $80,007, and the yield for 10-year US Treasuries was one basis point higher at 4.67%.In economic news, the advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, according to data released by the US Census Bureau. This was a wider gap than the $100.5 billion deficit expected in a survey compiled by Bloomberg.US initial jobless claims fell to 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 in the previous week, in contrast with expectations for an increase to 208,000 in a survey of analysts compiled by Bloomberg.In corporate news, Bank of America (BAC), UBS (UBS), and UniCredit are working with private aviation firm Vista Global on a potential initial public offering in Europe that could raise over $1 billion, Bloomberg reported. Bank of America shares were down 1.5%, and UBS was shedding 0.3%.JPMorgan Chase (JPM), Bank of America, Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported. The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, the report said. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs, Reuters reported. JPMorgan shares were down 0.7%, Goldman shed 0.2%, and Morgan Stanley advanced 0.3%.Enbridge (ENB) has entered into a definitive agreement with KKR (KKR) to form a joint venture that will invest about $2.7 billion Canadian dollars ($1.94 billion) to fund the expansion of the Aspen Point and Sunrise programs on the Westcoast natural gas pipeline system, the company said Thursday. Separately, KKR has agreed to settle for $250 million a US Department of Justice lawsuit accusing the firm of repeatedly violating federal pre-merger filing rules, the regulator said Wednesday. KKR shares rose 0.7%.Toronto-Dominion Bank (TD) shares climbed 1.6% after the company reported higher fiscal Q3 adjusted earnings and revenue.

$BAC$GS$JPM$KKR$MS$TD$UBS
Sectors

Sector Update: Financial

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.7%.The Philadelphia Housing Index was falling 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.Bitcoin (BTC-USD) was rising 1.4% to $80,127, and the yield for 10-year US Treasuries was slightly higher at 4.672%.In corporate news, Bank of America (BAC), UBS (UBS), and UniCredit are working with private aviation firm Vista Global on a potential initial public offering in Europe that could raise over $1 billion, Bloomberg reported. Bank of America shares were down 1.6%, and UBS was shedding 0.3%.

$BAC$UBS
Wire

Update: Market Chatter: Bank of America, UBS Working With Vista Global on Potential Europe IPO

(Updates with comment from Bank of America in the third paragraph.)Bank of America (BAC), UBS Group (UBS), and UniCredit are working with private aviation firm Vista Global on a potential initial public offering in Europe that could raise over $1 billion, Bloomberg reported Thursday, citing people with knowledge of the matter.An IPO could happen next year and UAE-based Vista Global, which operates the VistaJet and XO brands, could be valued at more than $10 billion in the listing, the report said.Bank of America declined to comment, while UBS, UniCredit and Vista Global did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $61.39, Change: $-0.84, Percent Change: -1.35%

$BAC$UBS
Sectors

Sector Update: Financial Stocks Decrease Thursday Afternoon

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.4%.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) was rising 2% to $80,568, and the yield for 10-year US Treasuries was steady at 4.664%.In economic news, the advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, according to data released by the US Census Bureau. This was a wider gap than the $100.5 billion deficit expected in a survey compiled by Bloomberg.US initial jobless claims fell to 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 in the previous week, in contrast with expectations for an increase to 208,000 in a survey of analysts compiled by Bloomberg.In corporate news, JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported. The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, the report said. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs, Reuters reported. JPMorgan shares were down 0.4%, Bank of America shed 1%, Goldman rose 0.1%, and Morgan Stanley advanced 0.4%.Enbridge (ENB) has entered into a definitive agreement with KKR (KKR) to form a joint venture that will invest about $2.7 billion Canadian dollars ($1.94 billion) to fund the expansion of the Aspen Point and Sunrise programs on the Westcoast natural gas pipeline system, the company said Thursday. Separately, KKR has agreed to settle for $250 million a US Department of Justice lawsuit accusing the firm of repeatedly violating federal pre-merger filing rules, the regulator said Wednesday. KKR shares rose 1%.Toronto-Dominion Bank (TD) shares were up 1% after the company reported higher fiscal Q3 adjusted earnings and revenue.

$BAC$GS$JPM$KKR$MS$TD
Sectors

Sector Update: Financial

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.4%.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) was rising 2% to $80,568, and the yield for 10-year US Treasuries was steady at 4.664%.In corporate news, JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported. The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, the report said. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs, Reuters reported. JPMorgan shares were down 0.5%, Bank of America shed 0.9%, Goldman rose 0.2%, and Morgan Stanley advanced 0.5%.

$BAC$GS$JPM$MS
Wire

Market Chatter: Bank of America, UBS Working With Vista Global on Potential Europe IPO

Bank of America (BAC), UBS Group (UBS), and UniCredit are working with private aviation firm Vista Global on a potential initial public offering in Europe that could raise over $1 billion, Bloomberg reported Thursday, citing people with knowledge of the matter.An IPO could happen next year and UAE-based Vista Global, which operates the VistaJet and XO brands, could be valued at more than $10 billion in the listing, the report said.Bank of America, UBS, UniCredit and Vista Global did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $61.66, Change: $-0.57, Percent Change: -0.92%

$BAC$UBS
Wire

Market Chatter: Major US Banks Clash Over Fed's GSIB Capital Surcharge Revision

JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported Thursday, citing documents and sources familiar with the matter.The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, according to the report. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs.JPMorgan sent a letter to the Federal Reserve in June, estimating that it would miss out on $13 billion in extra capital relief under the proposed revision, while Bank of America would miss out on $9 billion. Morgan Stanley and Goldman Sachs, meanwhile, would realize an additional $1 billion to $2 billion in relief, Reuters said.The dispute could complicate the Federal Reserve's effort to finalize the broader capital-rule changes before 2027, according to the report.The banks did not immediately respond to' requests for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $353.16, Change: $-3.34, Percent Change: -0.94%

$BAC$GS$JPM$MS
Wire

Market Chatter: JPMorgan, Others Explore Stablecoins Despite Earlier Skepticism

Major banks, including JPMorgan Chase (JPM), are becoming more open to launching their own stablecoins despite earlier doubts about demand, The Wall Street Journal reported Wednesday, citing unnamed people familiar with the matter.According to the report, JPMorgan recently evaluated whether it could introduce its own stablecoin, though discussions are still preliminary and no product is currently in development. However, the bank already has a tokenized deposit called JPM Coin and its own blockchain, the report added.The bank said it has no plans to issue a stablecoin for now but could consider it based on customer demand and regulatory developments, the report said.JPMorgan didn't immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $355.77, Change: $-0.92, Percent Change: -0.26%

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Wire

Major Banks Explore Stablecoins Despite Earlier Skepticism, WSJ Reports

Major Banks Explore Stablecoins Despite Earlier Skepticism, WSJ Reports

$BAC$C$JPM
Sectors

Sector Update: Financial Stocks Climb Late Afternoon

Financial stocks advanced in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 1%.The Philadelphia Housing Index increased 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was slightly higher.Bitcoin (BTC-USD) popped 6.1% to $77,144, and the yield for 10-year US Treasuries rose 3.8 basis points to 4.74%.In economic news, Bureau of Labor Statistics data revealed that the unemployment rate fell in 10 US States in July and remained steady elsewhere. The largest unemployment rate declines were observed in South Carolina, Ohio, Illinois, Washington, Pennsylvania, New York, and Rhode Island. The national unemployment rate was reported at 4.1% in July, down from 4.2% in June.The August flash reading of manufacturing conditions from S&P Global fell to 53.2 from 53.9 in July, compared with expectations for no change in a survey compiled by Bloomberg. The index for services conditions rose to 56.8 in August from 54.6 in July, compared with expectations for a decrease to 54.In corporate news, the US Securities and Exchange Commission has sued former Bank of America (BAC) investment banker Jason Satsky for tipping insider information to a friend, who allegedly made $18.5 million in illegal profits, Bloomberg reported. Satsky, who previously worked as Bank of America's head of energy and power infrastructure banking, tipped Gavin Wolfe about an acquisition proposal for South Jersey Industries in Nov. 2021, the report said. Bank of America shares were down 0.2%.Apollo Global Management (APO) said in a letter Friday that a social-engineering attack targeted some cloud platforms between July 6 and July 10, resulting in a data breach. The company said information potentially impacted by the incident included names, dates of birth, contact information, home addresses, and Social Security numbers. Apollo shares were up 2%.Goldman Sachs (GS) is gaining ground in India's government share-sale market, securing mandates for five of the 10 major transactions since the latest divestment wave began in December, Bloomberg reported. Goldman shares rose 3.6%.KKR (KKR), alongside Dragoneer Investment and insurance distributor Amwins, has agreed to buy Steadfast in a deal worth about 7.7 billion Australian dollars ($5.52 billion), the Australian insurance broking giant said Friday. KKR shares added 1.6%.

$APO$BAC$GS$KKR
Sectors

Sector Update: Financial

Financial stocks advanced in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 1%.The Philadelphia Housing Index increased 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was slightly higher.Bitcoin (BTC-USD) popped 5.5% to $77,081, and the yield for 10-year US Treasuries rose 4.2 basis points to 4.738%.In corporate news, the US Securities and Exchange Commission has sued former Bank of America (BAC) investment banker Jason Satsky for tipping insider information to a friend, who allegedly made $18.5 million in illegal profits, Bloomberg reported. Satsky, who previously worked as Bank of America's head of energy and power infrastructure banking, tipped Gavin Wolfe about an acquisition proposal for South Jersey Industries in Nov. 2021, the report said. Bank of America shares were down 0.1%.

$BAC
Wire

Market Chatter: US SEC Sues Former Bank of America Senior Banker for Insider Trading

The US Securities and Exchange Commission has sued former Bank of America (BAC) investment banker Jason Satsky for tipping insider information to a friend, who allegedly made $18.5 million in illegal profits, Bloomberg reported Friday.Satsky, who previously worked as Bank of America's head of energy and power infrastructure banking, tipped Gavin Wolfe about an acquisition proposal for South Jersey Industries Inc. in Nov. 2021, according to the report, which cited the regulatory.Meanwhile, the SEC suit didn't name Bank of America as Satsky's then-employer, according to the media outlet, which noted its previous report that federal prosecutors were investigating trades regarding the deal.A representative for Bank of America did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $61.83, Change: $-0.03, Percent Change: -0.06%

$BAC
TTM Technologies Strikes $1.1 Billion Deal to Acquire Epiq Solutions
US Markets

TTM Technologies Strikes $1.1 Billion Deal to Acquire Epiq Solutions

TTM Technologies (TTMI) has agreed to acquire Epiq Design Solutions in a $1.1 billion all-cash deal that will add complementary software-defined radio and turnkey radio frequency products to its portfolio.TTM, which manufactures radio frequency components, among other technology products, for various industries including cloud and artificial intelligence infrastructure companies, said Monday that the deal is backed up by committed financing from JPMorgan (JPM), Bank of America (BAC), and Barclays (BCS).The transaction is expected to be immediately accretive to TTM's adjusted earnings before interest, taxes, depreciation and amortization margin, and accretive to its non-GAAP diluted earnings per share in 2028, according to the company's statement."The addition of Epiq Solutions to TTM is highly strategic and provides complementary technology to our overall portfolio and represents an important step in executing our long-term growth strategy," Chief Executive Edwin Roks said.Epiq, a portfolio company of private equity firm Veritas Capital, provides mission-ready radio frequency to its commercial, government and defense customers. Veritas announced its strategic investment in Epiq in 2022.Neither Epiq nor Veritas immediately replied to' requests for comment.In its statement, TTM said that the planned acquisition should boost its vertical integration capabilities for its integrated electronics products."We believe it significantly expands TTM's addressable opportunities in high-priority defense mission areas including missile defense, (Geostationary Earth Orbit-to-Low Earth Orbit) space, communications and signals intelligence, electronic warfare, and intelligence, surveillance and reconnaissance," the company said.Shares of TTM were down 3.3% in Monday morning trade.Price: $136.88, Change: $-3.12, Percent Change: -2.23%

$BAC$JPM$TTMI
Sectors

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index up 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.3%.The Philadelphia Housing Index was falling 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.8%.Bitcoin (BTC-USD) was easing 0.3% to $63,316, and the yield for 10-year US Treasuries was slightly lower at 4.68%.In economic news, the consumer price index rose 3.4% last month from a year earlier, decelerating from 3.5% in June and marking the slowest pace of growth since March, data from the Bureau of Labor Statistics showed. The annual print matched the average forecast in a Bloomberg survey. Core inflation, which excludes volatile food and energy items, eased to 2.5%, also as expected, from June's 2.6%.In corporate news, Bank of America (BAC) plans to invest $250 billion in US infrastructure through its Critical Infrastructure Finance Initiative, the company said Wednesday. The investment will be made through lending, investments, capital markets and advisory transactions over an 18-month period from Jan. 1, 2026 through July 4, 2027, the company said. Bank of America shares were up 1.3%.Goldman Sachs (GS) said Wednesday it has agreed to buy exchange-traded fund provider Neos Investments for up to $2.25 billion in cash and equity. Goldman shares eased 0.1%.Blackstone (BX) is considering abandoning plans to raise about $3 billion of debt to return some cash to investors, Bloomberg reported. The firm has struggled to find a buyer for the equity portion of the deal, which is typically the riskiest part, Bloomberg reported. Separately, Blackstone and La Caisse are leading a 2.5 billion Canadian dollar ($1.8 billion) minority equity investment in Air Canada's Aeroplan loyalty program, valuing the business at CA$10 billion, the airline said Tuesday. Blackstone shares were down 0.4%.Charles Schwab (SCHW) said Wednesday that its unit Charles Schwab Futures & Forex has launched single stock futures for more than 50 US stocks in the S&P 500 and Nasdaq-100. Charles Schwab shares rose 1.7%.

$BAC$BX$GS$SCHW

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