
Bank of America Names Nvidia and Other Stocks It Calls Undervalued
Bank of America identified several stocks, including Nvidia, that it said are trading below their fair value.

Bank of America identified several stocks, including Nvidia, that it said are trading below their fair value.
Bank of America said Nike's attempted turnaround carries rising risk and recommended investors sell the stock.
The bank says quality stocks are likely to continue leading amid the possibility of further Federal Reserve rate hikes, while value stocks could accelerate as profits grow.
The firm identified companies it rates as buys, including names with relatively attractive dividend yields.
The bank’s outlook for a more than 10% decline in third-quarter investment banking revenue raised questions about the strength of Wall Street’s recent AI-driven dealmaking surge.

According to a CNBC report, Bank of America has flagged a group of stocks—among them a leading technology firm—that it views as having additional room to grow.
Brian Moynihan said spending and credit data remain healthy, according to CNBC.