J.P. Morgan has raised its earnings forecasts and price targets for Dutch banks ING and ABN Amro, citing a higher projected interest rate path from the European Central Bank and strong fee income.
Shares of the da Vinci robot maker fell over 12% after it warned that the expiration of ACA insurance subsidies is softening U.S. procedure growth, reigniting a debate over demand in the medical technology sector.
Microsoft stock is trading near $401, pushing its market cap toward $3 trillion, but investors are weighing strong Azure growth against a massive $141 billion capital expenditure forecast and emerging regulatory headwinds.
Futures for Canada's main stock index fell Friday morning, pressured by a sell-off in U.S. technology stocks and rising crude oil prices amid escalating geopolitical tensions in the Middle East.
IBM's stock plunged after the company warned that enterprise clients are diverting funds from software to AI hardware, raising concerns about budget displacement across the technology sector.
UBS projects approximately 10% upside for global equities through mid-2027, arguing the market rally is justified by robust corporate profit growth rather than speculative enthusiasm. The firm sees market leadership broadening beyond technology and has upgraded its view on European stocks.
Truist Financial reported a significant rise in quarterly profit, driven by a nearly 72% year-over-year increase in its investment banking and trading income amid a rebound in capital markets activity.
Upcoming quarterly results from Alphabet and Intel are set to be a critical test for the market's AI-fueled rally, as investors scrutinize capital spending and semiconductor demand to justify high valuations.
Shares of semiconductor equipment giant ASML fell sharply on Friday, caught in a wider market downturn that overshadowed the company's recent strong earnings report and bullish analyst upgrades.
