Bank of America is the official bank partner of the Food Network New York City Wine & Food Festival presented by Invesco QQQ, held October 15–18, 2026 at The Seaport, and is offering cardholders and BofA Rewards members special perks. Eligible cardholders get 45-minute early entry to select events, 15% off Grand Tasting tickets, select dining experiences, and access to the BofA Rewards Lounge at the Norwegian Cruise Line Rooftop Series. BofA Rewards Premier tier members also get a limited-availability Dining Series featuring chefs such as Nadav Greenberg, Flynn McGarry, and the COQODAQ concept. The release cites Bank of America Institute analysis that New York City ranks among the strongest markets for restaurant spending growth. All offers are subject to availability while supplies last.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related news
- Meta expected to beat revenue forecasts as AI boosts advertising, says Bank of America
Bank of America expects Meta to beat third-quarter revenue forecasts, projecting $63.8 billion versus a $63.3 billion consensus, as AI supports advertising. The bank maintains a Buy rating and $810 price target, but expects third-quarter EPS of $3.79, below the $6.08 consensus, due to a one-off $10 billion legal settlement charge linked to state attorneys general. For the fourth quarter, it forecasts revenue of $74.1 billion and EPS of $8.74, above consensus of $73.6 billion and $8.18. It expects Meta's fourth-quarter guidance to range from $71.5 billion to $74.5 billion, implying 19% to 24% annual growth versus 25% in the third quarter. Capex for 2026 is expected to narrow to $140 billion to $145 billion, with 2027 capex estimated at $205 billion.
- A stock-market ‘sell’ signal has been silenced — but these Bank of America strategists say it’s too early to buy
Although the October correction brought some relief to bond markets and revived rate-sensitive sectors of the stock market, Bank of America's strategists recommend staying risk-off until after the midterms and the next Fed meeting. The article indicates the earlier 'sell' signal has faded, but the strategists consider it too early to buy.
- Bank of America CEO : The good news is that the US consumer is still spending strongly – The Irish Times
The yield on 10-year US Treasury bonds has risen by more than a third since late February, reaching 5.36%, its highest in 24 years, largely due to debate over Federal Reserve rate policy. Bank of America CEO Brian Moynihan said his economists expect three more Fed rate increases before inflation eases in 2028, yet he argued that US consumers are still spending strongly. Bank of America shares fell into bear-market territory after a 17% drop in third-quarter profit and a $1.2 billion fine over failures to detect potential money laundering. The IMF forecasts US GDP growth of 2.3% both this year and next, with consumers, who account for two-thirds of the economy, expected to spend about $22 trillion this year.
- CoreWeave wins Bank of America's backing as revenue growth forecasts rise
CoreWeave shares fell 3% on Thursday amid financing concerns that hit AI infrastructure stocks, even though Bank of America raised its revenue growth forecasts. The bank reiterated its 'buy' rating and $140 price target, arguing that CoreWeave's ability to bring computing capacity online at scale is a competitive advantage. Bank of America now forecasts revenue growth of 105% for 2027 (up from 102%) and 63% for 2028 (up from 58%), assuming 1.4 to 1.5 gigawatts of power capacity added each year and 4.8 gigawatts active by end-2028. Revenue per megawatt is expected to rise from about $10 to $14 by end-2028, supported by deployments of Nvidia's Vera Rubin systems. The bank also says CoreWeave's model of leasing data centre capacity helps manage execution risk, and customer prepayments can cover about 50% of contract value, though investors remain concerned about funding costs as bond yields rise.
- Bank of America shares flat after earnings - driven sell - off , slide over 20 % from recent peak
Bank of America (BofA) shares were flat in pre-market trading on Thursday, after a 5% earnings-led drop in the previous session. Profit at the second-largest US bank fell more than 15% in the third quarter after a $1.2 billion non-tax-deductible charge tied to fines for money laundering and sanctions violations, and net income dropped 17% to $6.9 billion. Total revenue of nearly $30 billion missed analysts' estimates, with fixed-income trading down 17% to $2.55 billion while equity trading rose 10% to $2.51 billion. The US Treasury had earlier fined BofA more than $1 billion for failing to properly report more than $5 billion in suspicious transactions. The stock is nearly 21% below its record high of $65.22 and is down 6% year to date, amid concerns about tighter monetary policy.
- Zacks Earnings Trends Highlights: JPMorgan, Citigroup, Bank of America and Wells Fargo
Zacks' earnings trends report shows Q3 earnings for the 32 S&P 500 members that have reported so far are up 52.5% year on year on 15.8% higher revenue, with 81.3% beating EPS estimates and 71.9% beating revenue estimates, though Micron's outsized gains boosted the growth rate. Earnings growth is expected to be double-digit for an eighth straight quarter, with 14 of 16 Zacks sectors forecast to grow. Despite headline earnings misses at JPMorgan and Bank of America, the big banks posted strong Q3 results, with net interest income up at all four and equities trading strong while fixed-income trading fell. Their shares have still weakened, as investors weigh interest rate volatility and a possible slowdown in trading revenue. Reported results covering 33% of the Finance sector's market capitalization show earnings up 10%.
Related markets
Latest news
- Stock Market Midday, Oct. 19: Tech Stocks Rebound as AI Confidence Returns
As of 11:34 AM ET, the S&P 500 is up 0.85% at 7,725 and the Nasdaq Composite has risen 1.67% to 26,576 as growth stocks rebound from their worst week since June. The Dow Jones is up 0.15% at 52,094. Gold has fallen 0.51% to $4,145.56, while the 10-Year Treasury yield has gained 3 basis points to 5.13%. Sandisk (+7.4%) and Micron Technology (+4.7%) rose on a shift in memory sentiment, Intel climbed after a JPMorgan upgrade, and Amazon.com gained after Morgan Stanley raised its price target and named it a top pick. Real estate and consumer defensive stocks posted the biggest losses, while U.S. homebuilder confidence fell to a 14-year low and violent protests in France and Italy weighed on European equities.
- Jensen Huang: “Two Gigawatts to Us Is Like $80 Billion.” 43 New Gigawatts Coming in 2027
Nvidia CEO Jensen Huang said two gigawatts of AI capacity, like the ones Nvidia announced in Australia, are worth about $80 billion to the company, up from about $18 billion per gigawatt previously. He attributed the increase to Nvidia now selling far more of each data center, including networking, CPUs, storage and security, not just GPUs. Citing SemiAnalysis's Dylan Patel on the BG2 podcast, Altimeter Capital's Brad Gerstner said 43 gigawatts of new AI compute will come online next year. At about $40 billion per gigawatt, Nvidia would need around 17 gigawatts to reach the $692 billion revenue estimate for fiscal 2028, though Huang said land, power and data center buildings are the main obstacles to the build-out.
- Strive buys $335M in Bitcoin, boosting holdings to 36,818 BTC
Bitcoin treasury company Strive bought 4,045 BTC for about $335 million last week, raising its total holdings to 36,818 BTC, according to a Monday SEC filing. The purchases were made between Oct. 12 and 16 at an average price of $82,803 per coin, including fees. That makes Strive the fourth-largest publicly traded corporate Bitcoin holder, ahead of MARA Holdings, with reserves worth about $3 billion. The company also received about $369 million from warrant exercises and issued 13.7 million common shares, and it priced a $630 million offering of SATS preferred stock carrying a fixed 15% annual dividend, with proceeds that could fund more Bitcoin purchases. ASST shares rose about 7.7% to $25.95 in late-morning trading Monday.
- SpaceX Could Buy Tesla for $480 Per Share in $3.74 Trillion Merger, RBC Says
According to RBC Capital Markets, SpaceX (NASDAQ:SPCX) could acquire Tesla (NASDAQ:TSLA) for $480 per share, creating a combined company worth $3.74 trillion. Tesla shareholders would hold just 48% of the merged business, down from 54% in the bank's July estimate.
- Apple announces another event – with a whole new kind of MacBook expected
Apple has invited press to an event titled “Pro and Tell” in Los Angeles on 28 October, announced by marketing chief Greg Joswiak on X. The headline launch is expected to be a new MacBook Pro with the company's first touchscreen, which is rumoured to be lighter, use M5 Pro and Max chips, and feature an OLED display with the Dynamic Island, at a higher price than current models. Apple may also introduce a new iPad Mini, an updated iMac and a refresh of the entry-level 14-inch MacBook Pro. It would be Apple's third launch in two months, following the early-September iPhone event and last week's Welcome Home event, and comes as CEO John Ternus reportedly pushes for faster new product launches.
- JPMorgan Backs Two Defense Startups With $5 Billion
JPMorgan has already committed half of its $10 billion investment pool to hypersonic-missile maker Castelion and defense manufacturer Hadrian. The bet reflects America's push to rebuild its defense industrial base.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.