Bank of America Gains, Broadcom Rises, Hermes Falls as Middle East War Hurts Sales
On this episode of Stock Movers:- Bank of America (BAC) shares gain. Bank of America Corp.’s stock-trading desk set a record, riding a wave of volatility that helped push the bank’s earnings to the highest in nearly two decades. Revenue from equity trading climbed 30% to $2.8 billion in the first quarter, while fixed-income trading rose less than 1% to $3.5 billion.- Broadcom (AVGO) shares rise. The chipmaker expanded its partnership with Meta to support the technology giant's AI compute infrastructure.- Hermes ADRS fall. Hermès shares tumbled as much as 14% as the…
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