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Bank of America

Bank of America is one of the largest financial institutions in the United States, with more than $3.2 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.

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The U.S. markets will be closed on Thursday, June 19, in observance of Juneteenth National Independence Day, a federal holiday commemorating the end of slavery in the United States.
What Happened: According to the guidance from the Securities Industry and Financial Markets Association, the New York Stock Exchange and the Nasdaq will both suspend trading for the day, along with the U.S. bond market, which will also remain closed. Trading will resume as normal on Friday, June 20.
Juneteenth is the newest federal holiday in the calendar, having been designated only in 2021 by former President Joe Biden, 156 years after Major General Gordon Granger ordered the final enforcement of the Emancipation Proclamation in Texas on June 19, 1865.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46010064/ayatollah-assassination-discussion-rejected-by-putin-i-do-not-even-want-to-discuss-this-possibility">Ayatollah Assassination Discussion Rejected By Putin: &#8216;I Do Not Even Want To Discuss This Possibility&#8217;</a>
The decision to make this a national holiday was undertaken following <a href="https://www.benzinga.com/news/24/06/39397814/is-the-market-open-on-juneteenth">months of widespread protests</a> against racial injustice and inequality in 2020. 
While financial markets will be off on Thursday, not all sectors will stop functioning. Most federal government offices, bank branches, schools, and even the U.S. Postal Service will be shutting down, with many state and local government offices also observing the holiday.
Private companies, however, aren&#8217;t required by law to close for federal holidays, and retailers such as Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) will continue <a href="https://edition.cnn.com/2025/06/18/business/open-closed-juneteenth">to</a> remain open during their normal working hours. 
Major banks such as JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), among others, will be closed, while online banking and ATMs will continue to function. 
Why It Matters: For years, Juneteenth celebrations were <a href="https://www.benzinga.com/news/22/06/27699154/juneteenth-2022-whats-open-whats-closed-and-what-is-the-holiday-all-about-1">restricted only to Texas</a>, but following the unrest that stemmed from the death of George Floyd in 2020, there were growing calls for making it a nationwide holiday.
Besides Juneteenth, the markets remain closed for <a href="https://www.benzinga.com/money/stock-market-holidays">eight other federal holidays</a>, with the following occasions in the coming months,
<ul class="wp-block-list">
<li>Friday, July 4th—Independence Day</li>
<li>Friday, September 5th—Labor Day</li>
<li>Monday, November 24th—Thanksgiving</li>
<li>Friday, December 26th—Christmas Day</li>
</ul>
Photo Courtesy: iHumnoi on Shutterstock.com Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46010451/peter-schiff-doesnt-think-stablecoins-will-help-preserve-dollar-dominance-heres-what-the-economist-says-theyll-do-instead">Peter Schiff Doesn&#8217;t Think Stablecoins Will Help Preserve Dollar Dominance — Here&#8217;s What The Economist Says They&#8217;ll Do Instead</a></li>
</ul>

Are Markets Open On Juneteenth This Year? Here's What's Open And What's Closed On June 19

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$300.00</td>
<td>$56.1K</td>
<td>16.3K</td>
<td>38.1K</td>
</tr>
<tr>
<td>OSCR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$20.00</td>
<td>$65.0K</td>
<td>8.1K</td>
<td>7.7K</td>
</tr>
<tr>
<td>NTRS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$110.00</td>
<td>$32.8K</td>
<td>16.8K</td>
<td>3.5K</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$360.00</td>
<td>$103.5K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>GPN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$75.00</td>
<td>$34.0K</td>
<td>4.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$275.00</td>
<td>$25.7K</td>
<td>1.3K</td>
<td>800</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/27/25</td>
<td>$128.00</td>
<td>$35.6K</td>
<td>84</td>
<td>516</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/18/26</td>
<td>$55.00</td>
<td>$60.9K</td>
<td>1.4K</td>
<td>300</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$72.50</td>
<td>$34.4K</td>
<td>2.8K</td>
<td>103</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$620.00</td>
<td>$27.7K</td>
<td>1.1K</td>
<td>76</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on June 20, 2025. This event was a transfer of 200 contract(s) at a $300.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $56.1K, with a price of $284.0 per contract. There were 16378 open contracts at this strike prior to today, and today 38166 contract(s) were bought and sold. 
• For OSCR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on July 18, 2025. This event was a transfer of 500 contract(s) at a $20.00 strike. This particular call needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $65.0K, with a price of $130.0 per contract. There were 8102 open contracts at this strike prior to today, and today 7712 contract(s) were bought and sold. 
• For NTRS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on July 18, 2025. This event was a transfer of 53 contract(s) at a $110.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $620.0 per contract. There were 16851 open contracts at this strike prior to today, and today 3587 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on July 18, 2025. This event was a transfer of 300 contract(s) at a $360.00 strike. This particular call needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $103.5K, with a price of $345.0 per contract. There were 1029 open contracts at this strike prior to today, and today 1281 contract(s) were bought and sold. 
• Regarding GPN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), we observe a put option sweep with bullish sentiment. It expires in 93 day(s) on September 19, 2025. Parties traded 71 contract(s) at a $75.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $480.0 per contract. There were 4385 open contracts at this strike prior to today, and today 1067 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option trade that happens to be bearish, expiring in 15 day(s) on July 3, 2025. This event was a transfer of 50 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 1364 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold. 
• Regarding MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we observe a put option trade with bullish sentiment. It expires in 9 day(s) on June 27, 2025. Parties traded 430 contract(s) at a $128.00 strike. The total cost received by the writing party (or parties) was $35.6K, with a price of $83.0 per contract. There were 84 open contracts at this strike prior to today, and today 516 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bearish sentiment. It expires in 457 day(s) on September 18, 2026. Parties traded 300 contract(s) at a $55.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $60.9K, with a price of $203.0 per contract. There were 1474 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bullish, expiring in 93 day(s) on September 19, 2025. This event was a transfer of 61 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $34.4K, with a price of $565.0 per contract. There were 2819 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a call option trade with bullish sentiment. It expires in 2 day(s) on June 20, 2025. Parties traded 15 contract(s) at a $620.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $1850.0 per contract. There were 1137 open contracts at this strike prior to today, and today 76 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

NTRS

OSCR

10 Financials Stocks With Whale Alerts In Today's Session

Whales with a lot of money to spend have taken a noticeably bearish stance on Bank of America.
Looking at options history for Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) we detected 34 trades.
If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 18 are puts, for a total amount of $804,274 and 16, calls, for a total amount of $787,865.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $50.0 for Bank of America over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Bank of America options trades today is 5890.42 with a total volume of 21,752.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Bank of America's big money trades within a strike price range of $25.0 to $50.0 over the last 30 days.
<h3>Bank of America Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750190558_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$1.29</td>
<td>$1.28</td>
<td>$1.29</td>
<td>$45.00</td>
<td>$110.1K</td>
<td>15.2K</td>
<td>343</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$1.23</td>
<td>$1.22</td>
<td>$1.23</td>
<td>$44.00</td>
<td>$105.1K</td>
<td>25.7K</td>
<td>1.1K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$3.05</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$45.00</td>
<td>$75.0K</td>
<td>1.5K</td>
<td>254</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$1.68</td>
<td>$1.67</td>
<td>$1.67</td>
<td>$43.00</td>
<td>$65.9K</td>
<td>4.6K</td>
<td>400</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$0.63</td>
<td>$0.62</td>
<td>$0.62</td>
<td>$42.00</td>
<td>$62.0K</td>
<td>25.0K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Bank of America</h3>
Bank of America is one of the largest financial institutions in the United States, with more than $3.2 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
<h3>Current Position of Bank of America</h3>
<ul>
<li>Currently trading with a volume of 19,884,469, the BAC's price is down by -0.25%, now at $44.3. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 29 days.</li>
</ul>
<h3>Expert Opinions on Bank of America</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $52.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Bank of America, targeting a price of $52. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Bank of America with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

What the Options Market Tells Us About Bank of America

A former Bank of England economist is raising red flags over the growing role of stablecoins in the U.S. financial system, with major implications for banks, as well as the U.S. Dollar.
What Happened: In a recent episode of The Big View by Reuters, Dan Davies, an ex-BoE regulatory economist and veteran bank analyst, compared stablecoin issuers like Circle Internet Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) and Tether to banks that lack the oversight and safeguards of traditional institutions.
&#8220;These things are basically intrinsically unstable financial structures,&#8221; Davies said, noting that their promise of 1:1 redemption in U.S. dollars makes them particularly vulnerable to sudden runs, referring to bank runs, when a large number of individuals try to withdraw their funds from an institution at the same time.
He says, &#8220;If you think there's even a small chance that it [a stablecoin] might be worth 95 cents on the dollar, then you want to get out immediately.&#8221;
See Also: <a href="https://www.benzinga.com/news/events/25/06/45967070/howard-lutnick-says-nearly-70000-register-for-5-million-trump-card-visa-as-us-eyes-1-trillion-windfall-from-premium-immigration-plan">Howard Lutnick Says Nearly 70,000 Register For $5 Million &#8216;Trump Card&#8217; Visa As US Eyes $1 Trillion Windfall From Premium Immigration Plan</a>
Davies notes that stablecoin issuers hold significant reserves in commercial bank deposits and Treasury bills, so in case redemptions spike, the banks that hold these reserves could witness withdrawal demands in the billions.
&#8220;They're very bad customers for the banking system,&#8221; he says, pointing to the systemic stress this dynamic could introduce.
Circle, for instance, works <a href="https://www.circle.com/usdc">with</a> the Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) as its custodian, among a few others, while Tether works <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42166673/drug-cartels-use-tether-and-bitcoin-to-launder-millions-court-documents-reveal">with</a> Cantor Fitzergerald. 
According to Davies, the GENIUS Act, a bill introduced in Congress to regulate stablecoins, may end up doing more harm than good. 
While the legislation appears to offer guardrails, such as reserve disclosures and other transparency requirements, Davies believes that it could inadvertently normalize risk. 
On a global level, Davies said the move could accelerate &#8220;de-dollarization,&#8221; as countries seek to insulate their economies from the added volatility introduced by U.S.-backed stablecoins.
&#8220;Signing up to the U.S. dollar now means signing up to stablecoins,&#8221; he says, warning this could erode trust and encourage alternatives like central bank digital currencies in Europe and Asia.
Why It Matters: Davies&#8217; concerns have been echoed by several other prominent experts and institutions, such as the United States Financial Services Oversight Council (FSOC), which raised alarms over the <a href="https://www.benzinga.com/content/42377684/fsoc-warns-stablecoins-pose-stability-risks-due-to-lack-of-management-standards">potential risks posed</a> by stablecoins due to inadequate risk management standards late last year. 
There are, however, several other <a href="https://www.benzinga.com/24/12/42585826/stablecoins-redefining-global-finance-are-banks-falling-behind">voices in support</a> of this new asset class, such as Jan Van Eck, the CEO of VanEck, who said that &#8220;the global payments system is being rewired as we speak,&#8221; while referring to stablecoins and their utility in payments and cross-border transactions. 
Last month, it was reported that <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45579978/banking-giants-like-jpmorgan-bank-of-america-mull-joint-stablecoin-to-counter-crypto-competition-report">leading U.S. Banks</a>, including JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Citigroup Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), and Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) were exploring the possibility of a joint stablecoin.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17054954/Screenshot-2025-06-17-at-3.19.38-PM-1024x147.png" alt="" class="wp-image-951944" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17054954/Screenshot-2025-06-17-at-3.19.38-PM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17054954/Screenshot-2025-06-17-at-3.19.38-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17054954/Screenshot-2025-06-17-at-3.19.38-PM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17054954/Screenshot-2025-06-17-at-3.19.38-PM.png 1520w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Circle has a favorable price trend in the short, medium, and long term, but how does it compare with peers and competitors? Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to find out. 
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45967469/us-equity-funds-are-raking-in-billions-these-are-the-ones-beating-trumps-tariff-shock-in-2025">US Equity Funds Are Raking In Billions—These Are The Ones Beating Trump&#8217;s Tariff Shock in 2025</a></li>
</ul>
Photo courtesy: Grey82 / Shutterstock.com

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

CRCL

Stablecoins Pose 'Systemic Risk' To US Banks And Dollar, Former BoE Advisor Warns: 'They're Very Bad Customers For The Banking System'

Japan&#8217;s SoftBank Group Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) is reportedly looking to raise $4.9 billion via a sizable overnight stake sale.
What Happened: On Tuesday, it was revealed that the Japanese investment holding company would be raising these funds via an unregistered overnight block sale of its stake in T Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), according to a <a href="https://www.bloomberg.com/news/articles/2025-06-16/softbank-seeks-to-raise-4-9-billion-in-t-mobile-share-sale-mbzn3ujs">report</a> by Bloomberg News, which saw the terms of the deal.
SoftBank is offering 21.5 million shares in the telecom giant at a price range of $224 to $228 per share, representing a 3% discount to T-Mobile&#8217;s closing price on Monday, at $230.99.
The deal, when completed, is set to be the largest U.S. equity block sale since Toronto-Dominion Bank's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) $13.1 billion <a href="https://www.benzinga.com/ma/25/01/42921113/deal-dispatch-td-bank-charles-schwab-eyenovia-smart-share-hit-auction-block">divestiture of its stake</a> in Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) in February. It also adds to the growing wave of equity offerings by new and existing shares, reaching $91.4 billion so far in 2025, up from $75.9 billion last year.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45962262/jpmorgan-files-trademark-jpmd-crypto-trading-digital-asset-services">Dimon Called Crypto A &#8216;Ponzi Scheme&#8217;—Now JPMorgan Is Building JPMD To Trade It</a>
As of March 31, 2025, SoftBank held 85.4 million T-Mobile shares, equivalent to a 7.52% stake, which was originally acquired as part of Sprint Corp.&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/12/14912449/what-the-sprint-t-mobile-merger-trial-means-for-investors">$26.5 billion merger</a> with T-Mobile in 2020. SoftBank had acquired a majority stake in T-Mobile back in 2013.
Following the proposed transaction, SoftBank&#8217;s stake will shrink by 1.9 percentage points, leaving it with a roughly 5.6% stake in the company. 
The transaction is being managed by Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and neither SoftBank nor T-Mobile has immediately responded to Benzinga&#8217;s request for a comment.
Why It Matters: This move might prompt T-Mobile&#8217;s majority stakeholder, Deutsche Telekom AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTEGY#OTC">DTEGY</a>), to vie for greater control of the company, something that it&#8217;s been pursuing for the <a href="https://www.benzinga.com/m-a/21/05/21199432/deutsche-telekom-eyeing-majority-stake-in-t-mobile-by-acquiring-softbanks-share-bloomberg">past several years</a>. 
SoftBank continues to pursue investment opportunities in the U.S., having led a <a href="https://www.benzinga.com/media/25/01/43374528/softbank-may-lead-openais-40-billion-funding-round-at-a-300-billion-valuation-despite-deepseek-disruption-report">$40 billion investment round</a> in OpenAI early this year.
The company&#8217;s CEO, Masayoshi Son, had earlier committed to <a href="https://www.benzinga.com/news/24/12/42505666/softbanks-masayoshi-son-to-reportedly-announce-100b-us-investment-during-meeting-with-trump">investing $100 billion</a> in the United States during a meeting with the then President-Elect Donald Trump at Mar-a-Lago late last year.
Price Action: T-Mobile shares were up 1.31% on Monday, ending the day at $230.99, but are down 3.89% after hours following news of the stake sale.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="143" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM-1024x143.png" alt="" class="wp-image-951496" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM-1024x143.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM-768x108.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The company&#8217;s shares show strong Momentum, and rank well on Quality according to Benzinga&#8217;s Edge Stock Rankings, but only have a favorable price trend in the long term. See <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, the company, its peers, and competitors.
Photo Courtesy: Koshiro K on Shutterstock.com
Read More: 
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<li><a href="https://www.benzinga.com/news/events/25/06/45964856/trump-asks-everyone-to-immediately-evacuate-tehran-odds-of-us-striking-iran-spike-on-crypto-betting-platform">Trump Asks &#8216;Everyone&#8217; To Immediately Evacuate Tehran, Odds Of US Striking Iran Spike On Crypto Betting Platform</a></li>
</ul>

DTEGY

SCHW

SFTBY

TMUS

SoftBank Moves To Raise $4.9 Billion With Overnight T-Mobile Block Sale— Stock Drops 4% After Hours As Investors Digest Discount

Bank Of America Corp Credit Card Charge-Off Rate Was 2.42% In May

Bank Of America Corp Credit Card Delinquency Rate Was 1.37% At May End

Several customers&#8217; critical information has been compromised, leading to data breach alerts issued by&nbsp;JPMorgan Chase&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>),&nbsp;Bank of America&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and&nbsp;TD Bank&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>).
What Happened: According to <a href="https://www.mass.gov/doc/data-breach-report-2025/download">filings</a> with the Massachusetts state government, the banks disclosed data breaches that have put customers&#8217;&nbsp;accounts and personal information at&nbsp;risk. 
Chase revealed that&nbsp;at least four customers in&nbsp;the state were affected by multiple breaches.
Chase employees, in two incidents, improperly accessed customers&#8217;&nbsp;credit and debit card information, which led to fraudulent transactions. The bank responded by closing the affected cards, issuing replacements, and reimbursing the customers.
Similarly, The Bank of America <a href="https://www.mass.gov/doc/2025-961-bank-of-america/download">reported</a> that documentation related to at least one customer&#8217;s&nbsp;savings bonds was lost in&nbsp;transit on February 14th. Despite attempts to recover the documentation, the North Carolina-based lender has been unsuccessful.
Also Read: <a href="https://www.benzinga.com/news/24/12/42716153/massive-data-breach-exposes-millions-of-credit-and-debit-cards-is-your-account-safe">Massive Data Breach Exposes Millions of Credit and Debit Cards—Is Your Account Safe?</a>
TD Bank <a href="https://www.mass.gov/doc/2025-966-td-bank/download">disclosed</a> that&nbsp;a former employee improperly accessed&nbsp;a customer&#8217;s personal information between December 2024 and January 2025. 
The bank is now&nbsp;monitoring the account for fraud&nbsp;and has offered&nbsp;the customer a complimentary two-year membership to an identity&nbsp;theft protection and recovery service.
Why It Matters: This series of data breaches underscores the ongoing challenges that banks face in protecting customer information. 
Despite stringent security measures, the incidents highlight potential vulnerabilities in the banking sector&#8217;s information security systems. 
The breaches also raise questions about the effectiveness of current protocols in preventing unauthorized access by employees and the need for enhanced measures to ensure the safe transit of sensitive customer documentation.
Read Next
<a href="https://www.benzinga.com/news/24/10/41305389/major-banks-suffer-data-breaches-how-safe-is-your-information" target="_blank" rel="noreferrer noopener">Major Banks Suffer Data Breaches: How Safe Is Your Information?</a>
Image: Shutterstock/Mdisk

Tech

JPMorgan, Bank of America, and TD Bank Warn of Data Breaches Impacting Customer Information, Is Your Account Safe?

Whales with a lot of money to spend have taken a noticeably bearish stance on Bank of America.
Looking at options history for Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 21% of the investors opened trades with bullish expectations and 68% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $1,178,484 and 13, calls, for a total amount of $745,738.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $50.0 for Bank of America over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Bank of America's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bank of America's whale activity within a strike price range from $40.0 to $50.0 in the last 30 days. 
<h3>Bank of America Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749751314_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$6.45</td>
<td>$6.35</td>
<td>$6.44</td>
<td>$47.00</td>
<td>$966.0K</td>
<td>1.8K</td>
<td>1.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$1.12</td>
<td>$1.1</td>
<td>$1.12</td>
<td>$49.00</td>
<td>$115.2K</td>
<td>4.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/17/27</td>
<td>$5.0</td>
<td>$4.9</td>
<td>$4.9</td>
<td>$50.00</td>
<td>$98.0K</td>
<td>845</td>
<td>490</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.66</td>
<td>$1.65</td>
<td>$1.66</td>
<td>$50.00</td>
<td>$83.0K</td>
<td>35.0K</td>
<td>539</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/17/27</td>
<td>$4.9</td>
<td>$4.8</td>
<td>$4.85</td>
<td>$50.00</td>
<td>$77.6K</td>
<td>845</td>
<td>160</td>
</tr>
</tbody>
</table>

<h3>About Bank of America</h3>
Bank of America is one of the largest financial institutions in the United States, with more than $3.2 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
In light of the recent options history for Bank of America, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Bank of America Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 15,065,253, with BAC's price down by -0.44%, positioned at $44.53.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 34 days.</li>
</ul>
<h3>Expert Opinions on Bank of America</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $52.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Bank of America, targeting a price of $52. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Bank of America options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Market Whales and Their Recent Bets on BAC Options

Many big tech companies, including startups, are foraying into the emerging field of quantum computing. Out of the 300 quantum computing patents issued in 2025, two companies have received the most.
What Happened: International Business Machines Corp. and Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google appear to have made significant investments in the quantum computing space on a year-to-date basis.
According to the data shared by Martin Shkreli, there was a steep drop-off in issued patents after IBM and Google, suggesting that other companies are either smaller players or not prioritizing quantum computing as heavily.
IonQ Inc., D-Wave Quantum Inc., PsiQuantum, Quantinuum, and Intel Corp., followed the first two firms.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I looked at every quantum computing patent issued this year (&gt;300) so you don&#39;t have to. A few takeaways 1) QC is a very small space with only two companies seriously investing (rest are startups or not serious) 2) Craig Gidney is 1337 (1/2) <a href="https://t.co/rqtcbvpUO9">pic.twitter.com/rqtcbvpUO9</a>
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1932861083938635989?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Furthermore, he highlighted that Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) also hold quantum patents, which he describes as &#8220;big company spend.&#8221;
Large corporations often invest in emerging technologies like quantum computing to hedge against future disruptions, even if they're not leading the field.
Shkreli also notes that companies like Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) are working on Quantum Key Distribution (QKD) and quantum networking patents. QKD uses quantum mechanics to secure communications, offering theoretically unbreakable encryption.
Lastly, Shkreli suggests that Microsoft Corp.&#8217;s patent output doesn't match its spending or public statements, implying they may be focusing more on development or partnerships rather than patenting their work.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">3) China is surprisingly involved at the level of top companies (Alibaba, Tencent) 4) Wells Fargo, Bank of America, JPMorgan all have some quantum patents (emblematic of &quot;big company spend&quot; that I&#39;ve been talking about) 5) Cisco and other networking players have some QKD/quantum…
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1932861086224494849?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45888626/nvidia-apple-amazon-microsoft-and-alphabets-insitutional-investors-sold-8-4-billion-shares-in-q1-filings-reveal">Nvidia, Apple, Amazon, Microsoft, And Alphabet&#8217;s Institutional Investors Sold 8.4 Billion Shares In Q1, Filings Reveal</a>
Why It Matters: The evolving quantum computing space relies on qubits, which, unlike classical bits in traditional computers, can superpose and entangle 0 and 1 to solve complex problems.
While still in the development stage, many publicly listed firms are involved in their research and development. Here&#8217;s a list of a few companies and an exchange-traded fund that tracks such companies.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</td>
<td>28.00%</td>
<td>66.58%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td>-6.21%</td>
<td>-0.43%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>2.27%</td>
<td>-32.77%</td>
</tr>
<tr>
<td>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</td>
<td>8.61%</td>
<td>40.71%</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>12.91%</td>
<td>7.16%</td>
</tr>
<tr>
<td>IonQ Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)</td>
<td>-7.89%</td>
<td>399.37%</td>
</tr>
<tr>
<td>D-Wave Quantum Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>)</td>
<td>72.01%</td>
<td>1325.00%</td>
</tr>
<tr>
<td>Rigetti Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)</td>
<td>-37.40%</td>
<td>1127.45%</td>
</tr>
<tr>
<td>Quantum Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>)</td>
<td>1.12%</td>
<td>2864.06%</td>
</tr>
<tr>
<td>Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>)</td>
<td>8.24%</td>
<td>38.92%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 0.29% at $601.36, while the QQQ declined 0.34% to $532.41, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices fell on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45886571/gary-blacks-2021-tsla-stock-exit-dodged-a-30-drop-can-valuation-discipline-outsmart-teslas-2025-robotaxi-hype">Gary Black&#8217;s 2021 TSLA Stock Exit Dodged A 30% Drop: Can Valuation Discipline Outsmart Tesla&#8217;s 2025 Robotaxi Hype</a></li>
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Photo courtesy: JHVEPhoto / Shutterstock.com

CSCO

GOOG

GOOGL

INTC

IONQ

MSFT

QBTS

QTUM

QUBT

RGTI

IBM, Google Emerge As Top Investors In Quantum Computing With Most Patents Issued In 2025: 'Only Two Companies Seriously Investing,' Says Martin Shkreli

<a href="https://beincrypto.com/bank-of-america-stablecoin-development-started/#:~:text=Bank%20of%20America%20is%20reportedly%20developing%20its%20own%20stablecoin%2C%20signaling,prior%20statements%20suggesting%20its%20inevitability" title="https://beincrypto.com/bank-of-america-stablecoin-development-started/#:~:text=Bank%20of%20America%20is%20reportedly%20developing%20its%20own%20stablecoin%2C%20signaling,prior%20statements%20suggesting%20its%20inevitability">https://beincrypto.com/bank-of-america-stablecoin-development-started/#:~:text=Bank%20of%20America%20is%20reportedly%20developing%20its%20own%20stablecoin%2C%20signaling,prior%20statements%20suggesting%20its%20inevitability</a>.

'Bank of America is Reportedly Launching its Stablecoin Soon' - BeInCrypto

-Morgan Stanley US Financial Conference

Bank Of America CEO Reportedly Says Expect Investment Banking Fees To Reach $1.2B In 2Q; Reiterates Net Interest Income Expected To Rise In 2Q

Bank Of America CEO Reportedly Says There Is A Lot More Uncertainty In Small Business Market Than There Is In The Core Consumer

Across the recent three months, 15 analysts have shared their insights on Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">6</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $48.97, a high estimate of $56.00, and a low estimate of $42.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 5.04%. 
<img src="https://www.benzinga.com/files/images/story/2025/1749578456_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A comprehensive examination of how financial experts perceive Bank of America is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Richard Ramsden</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$52.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$51.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Stephen Biggar</td>
<td>Argus Research</td>
<td>Lowers</td>
<td>Buy</td>
<td>$47.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$45.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$52.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Erika Najarian</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$50.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$42.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>John McDonald</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$47.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Jason Goldberg</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$54.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$47.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>John McDonald</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$50.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Vivek Juneja</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$43.50</td>
<td>$49.50</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$48.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$50.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$56.00</td>
<td>$57.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Bank of America. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Bank of America compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Bank of America's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Bank of America's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BAC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Bank of America analyst ratings.</a>
<h2>Discovering Bank of America: A Closer Look</h2>
Bank of America is one of the largest financial institutions in the United States, with more than $3.2 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
<h3>Breaking Down Bank of America's Financial Performance</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Bank of America's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.0% as of 31 March, 2025, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Bank of America's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 25.54%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Bank of America's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.55%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Bank of America's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.21%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Bank of America's debt-to-equity ratio is below the industry average at 1.26, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantag">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Deep Dive Into Bank of America Stock: Analyst Perspectives (15 Ratings)

Goldman Sachs analyst Richard Ramsden maintains Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) with a Buy and raises the price target from $46 to $52.

Price Target

Goldman Sachs Maintains Buy on Bank of America, Raises Price Target to $52

A powerful yet underappreciated force may be behind Wall Street&#8217;s 2025 rally: a flood of corporate share buybacks, reaching levels <a href="https://www.benzinga.com/topic/expert-ideas">not seen in years.</a>
As of June 9, the S&amp;P 500 and Nasdaq 100 are both trading just 2% below all-time highs, a dramatic shift from the March correction and the tariff-induced volatility that rattled markets just two months ago.
"Corporate buybacks, arguably one of the less-discussed catalysts, likely provided an additional boost to the market's quick recovery," said Adam Turnquist, chief technical strategist at LPL Financial, in a recent note.
<h3 class="wp-block-heading">Buyback Authorizations Surge to Multi-Year High</h3>
As of June 5, S&amp;P 500 companies had authorized $750 billion in share repurchases year-to-date, a record pace compared to the roughly $600 billion authorized by this time in both 2023 and 2024, based on aggregated data from LPL Financial.
The lion's share of buyback programs came from three heavyweight sectors: communication services with $210 billion, financials with $200 billion and technology at $196 billion. 
These figures reflect announced intentions—not necessarily actual repurchases—but Turnquist said the window for execution is "nearly wide open".
<h3 class="wp-block-heading">2025 Confirms Buyback Appetite</h3>
Buybacks weren't just authorized—they were executed in size. In the first quarter of 2025, S&amp;P 500 companies repurchased $283 billion in stock, marking a 23.6% increase from the prior quarter and a 26.9% rise over last year. Compared to 2023, the increase is even steeper, at 38.4%.
The top four contributors—Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)—accounted for nearly $73 billion in combined buybacks thus far this year. 
Large banks including JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) added another $18 billion in total.
<h3 class="wp-block-heading">Do Buybacks Actually Work?</h3>
Multiple long-term studies suggest they do. 
A 2021 study from the U.S. Chamber of Commerce Center for Capital Markets Competitiveness found that buybacks improved liquidity, reduced volatility, and saved retail investors between $2.1 billion and $4.2 billion in transaction costs since 2004.
Separately, data from S&amp;P Global show that since 2000, the S&amp;P 500 Buyback Index—which tracks the top 100 repurchasing companies by buyback ratio—has gained over 1,000% in price return, excluding dividends. 
That's almost double the return of the equal-weighted S&amp;P 500, which rose 536%, and far above the 310% gain in the cap-weighted index.
For comparison, the S&amp;P 500 Dividend Aristocrats Index, which includes companies that have raised dividends for 25 consecutive years, gained 537% over the same period.
<h3 class="wp-block-heading">Will AI Capex Disrupt The Buyback Boom?</h3>
Despite the record pace, buybacks are now competing with a new capital priority: artificial intelligence investments. 
LPL's data show that S&amp;P 500 companies are increasingly allocating excess cash to capital expenditures, especially in tech.
Four hyperscalers—Amazon, Alphabet, Meta and Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>)—are projected to spend $333 billion on AI-related investments this year, a 35% jump from 2024. 
That shift could limit the headroom for buybacks going forward, especially in tech where the overlap is strongest.
Yet, for now, the firepower remains. "Corporate America has a substantial amount of stock to repurchase," Turnquist said, adding that the combination of available capital and improved market conditions continues to favor share repurchases in the near term.
Read Next:
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Image created using artificial intelligence via Midjourney.

Analyst Color

Large Cap

NVDA

Stock Buybacks Are Quietly Powering Wall Street's 2025 Rally

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/13/25</td>
<td>$46.00</td>
<td>$111.7K</td>
<td>20.7K</td>
<td>23.4K</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$13.00</td>
<td>$69.0K</td>
<td>7.4K</td>
<td>5.7K</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$125.00</td>
<td>$59.0K</td>
<td>236</td>
<td>1.8K</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$200.00</td>
<td>$39.0K</td>
<td>5.5K</td>
<td>995</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.00</td>
<td>$34.6K</td>
<td>77.4K</td>
<td>752</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$275.00</td>
<td>$103.0K</td>
<td>2.1K</td>
<td>163</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$365.00</td>
<td>$54.2K</td>
<td>907</td>
<td>81</td>
</tr>
<tr>
<td>XYZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$70.00</td>
<td>$45.0K</td>
<td>3.2K</td>
<td>70</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$65.00</td>
<td>$66.7K</td>
<td>2.2K</td>
<td>64</td>
</tr>
<tr>
<td>SYF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$57.50</td>
<td>$25.6K</td>
<td>186</td>
<td>57</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on June 13, 2025. This event was a transfer of 6943 contract(s) at a $46.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $111.7K, with a price of $16.0 per contract. There were 20711 open contracts at this strike prior to today, and today 23467 contract(s) were bought and sold. 
• For NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we notice a call option trade that happens to be bullish, expiring in 39 day(s) on July 18, 2025. This event was a transfer of 3000 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $69.0K, with a price of $23.0 per contract. There were 7403 open contracts at this strike prior to today, and today 5772 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a call option sweep that happens to be bullish, expiring in 193 day(s) on December 19, 2025. This event was a transfer of 41 contract(s) at a $125.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $59.0K, with a price of $1440.0 per contract. There were 236 open contracts at this strike prior to today, and today 1813 contract(s) were bought and sold. 
• For COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we notice a call option trade that happens to be bearish, expiring in 11 day(s) on June 20, 2025. This event was a transfer of 100 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $390.0 per contract. There were 5599 open contracts at this strike prior to today, and today 995 contract(s) were bought and sold. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a call option trade with bullish sentiment. It expires in 221 day(s) on January 16, 2026. Parties traded 150 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $231.0 per contract. There were 77439 open contracts at this strike prior to today, and today 752 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option trade that happens to be neutral, expiring in 102 day(s) on September 19, 2025. This event was a transfer of 100 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $103.0K, with a price of $1030.0 per contract. There were 2181 open contracts at this strike prior to today, and today 163 contract(s) were bought and sold. 
• Regarding V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we observe a call option trade with bearish sentiment. It expires in 39 day(s) on July 18, 2025. Parties traded 50 contract(s) at a $365.00 strike. The total cost received by the writing party (or parties) was $54.2K, with a price of $1085.0 per contract. There were 907 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold. 
• Regarding XYZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), we observe a call option trade with bullish sentiment. It expires in 221 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $900.0 per contract. There were 3251 open contracts at this strike prior to today, and today 70 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a put option trade that happens to be bearish, expiring in 221 day(s) on January 16, 2026. This event was a transfer of 47 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $66.7K, with a price of $1420.0 per contract. There were 2202 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold. 
• For SYF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>), we notice a call option sweep that happens to be neutral, expiring in 11 day(s) on June 20, 2025. This event was a transfer of 58 contract(s) at a $57.50 strike. This particular call needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $441.0 per contract. There were 186 open contracts at this strike prior to today, and today 57 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

SOFI

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/13/25</td>
<td>$75.00</td>
<td>$32.6K</td>
<td>7.0K</td>
<td>16.1K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$45.50</td>
<td>$77.5K</td>
<td>1.9K</td>
<td>10.0K</td>
</tr>
<tr>
<td>ETOR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$75.00</td>
<td>$39.0K</td>
<td>5</td>
<td>1.0K</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$262.50</td>
<td>$30.3K</td>
<td>742</td>
<td>614</td>
</tr>
<tr>
<td>FUTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$85.00</td>
<td>$65.0K</td>
<td>113</td>
<td>208</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option trade that happens to be bearish, expiring in 8 day(s) on June 13, 2025. This event was a transfer of 99 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $32.6K, with a price of $330.0 per contract. There were 7056 open contracts at this strike prior to today, and today 16188 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bearish sentiment. It expires in 15 day(s) on June 20, 2025. Parties traded 2501 contract(s) at a $45.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $77.5K, with a price of $31.0 per contract. There were 1978 open contracts at this strike prior to today, and today 10083 contract(s) were bought and sold. 
• For ETOR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETOR#NASDAQ">ETOR</a>), we notice a call option sweep that happens to be bearish, expiring in 134 day(s) on October 17, 2025. This event was a transfer of 40 contract(s) at a $75.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $975.0 per contract. There were 5 open contracts at this strike prior to today, and today 1023 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on June 6, 2025. This event was a transfer of 300 contract(s) at a $262.50 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $101.0 per contract. There were 742 open contracts at this strike prior to today, and today 614 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a put option trade with bearish sentiment. It expires in 106 day(s) on September 19, 2025. Parties traded 200 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $65.0K, with a price of $325.0 per contract. There were 113 open contracts at this strike prior to today, and today 208 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ETOR

FUTU

HOOD

5 Financials Stocks With Whale Alerts In Today's Session

<a target="_blank" href="https://www.benzinga.com/fintech" rel="noreferrer noopener">Fintech mortgage lender</a> Beeline Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNE#NASDAQ">BLNE</a>) announced Wednesday the upcoming launch of a new home equity access product that allows homeowners to convert a portion of their home equity into immediate cash without incurring debt or monthly payments.
Beeline has partnered with a company ("RealCo") co-owned by Beeline's principal shareholder and CEO.
RealCo will issue stablecoins to access capital to purchase equity from homeowners seeking liquidity.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/04/45064810/exclusive-beeline-breaks-1-billion-barrier-bets-big-on-ai-and-short-term-rental-surge" rel="noreferrer noopener">Beeline Breaks $1 Billion Barrier, Bets Big On AI And Short-Term Rental Surge</a>
RealCo is engaging with Beeline, which will source consumers and provide services. Beeline Title will provide title and escrow services.
The company said this product will be funded through a stablecoin-backed model, offering homeowners a fast and flexible alternative to traditional refinancing or HELOCs.
The hard launch is likely for late July, with beta transactions beginning in June.
The coins will be backed by ownership through a fractional deed on the property. RealCo will acquire minority ownership in homes (up to 49%) as a nominee for the funders who will receive the stablecoins. Homeowners selling equity can opt to receive RealCo-issued stablecoins or U.S. dollars.
Unlike conventional lending products, this is not a loan transaction tied to interest rates or a buy-back obligation, allowing Beeline to generate consistent revenue in any rate environment.
The company expects it would drive faster percentage-based revenue growth than traditional mortgage lenders, and with the fees, it expects to be well-positioned to reach operational profitability beginning in the fourth quarter of 2025.
RealCo will initially launch in approximately ten thousand U.S. zip codes and only enter into equity purchases on homes valued at $1 million.
Nick Liuzza, CEO of Beeline Holdings, said that provided there's equity in the home, RealCo will mint coins at closing, which may then be converted into U.S. dollars.
The stablecoin mechanism becomes the catalyst for funding, and it is secured by property recorded in 1:1 in the blockchain and in the public record, he said.
Participating homeowners will receive cash at closing and will not be required to repay the funds until the property is sold. Upon sale, RealCo, as nominee for the token holders, will receive its pro rata percentage of the net proceeds.
Beeline's existing product suite includes conventional mortgage offerings and a range of non-QM loan programs, many of which are optimized for 1099 earners, self-employed borrowers, and younger homeowners. The company emphasized that this new product is an addition, not a pivot, from its core model.
The product will likely benefit individuals who do not qualify for traditional cash-out refinancing or HELOCs but have meaningful equity. Beeline anticipates additional use cases to emerge as the product rolls out to a broader audience in the months ahead.
Key U.S. home equity lending players included Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), LendingTree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>), and US Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>).
Price Action: At the last check on Wednesday, BLNE shares were trading higher by 11.7% at $0.9880 premarket.
Read Next:
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</ul>
Photo via Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

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ALLY

BLNE

CITZ

DGLY

EZPW

GDOT

TREE

EXCLUSIVE: Beeline Launches Stablecoin-Backed Home Equity Product, Targets Profitability By Late 2025

As Donald Trump&#8216;s administration nears completion of a proposal to ease big bank rules, Wall Street&#8217;s megabanks are largely expected to cheer the lower supplementary leverage ratio (SLR), allowing them to hold fewer capital reserves against their assets.
What Happened: Analysts largely agree that the Trump administration's push to ease big bank rules, particularly the SLR, is a boon for banks and could stimulate broader economic growth.
Gennadiy Goldberg, the head of U.S. rates strategy at TD Securities, <a href="https://www.politico.com/news/2025/05/31/trump-administration-prepares-to-ease-big-bank-rules-00377347">told </a>Politico that easing capital rules for the banks will free the capital to buy more U.S. Treasuries
However, Phillip Basil, Better Markets&#8217; director of economic growth and financial stability, told Politico that lowering big banks&#8217; capital requirements heightens financial stability risks, accusing the banking industry of exploiting recent Treasury market turmoil as a pretext to push for long-sought regulatory relief.
Meanwhile, Kepp Loeffler, the administrator of the U.S. Small Business Administration, said that Small businesses &#8220;can win with a level playing field – ESPECIALLY combined with tax cuts and deregulation.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Small businesses finally have a fighter in the White House who won't keep allowing unfair trade practices to crush their industries and outsource their jobs. They know they can win with a level playing field – ESPECIALLY combined with tax cuts and deregulation. <a href="https://t.co/APEVgiLIb6">pic.twitter.com/APEVgiLIb6</a>
&mdash; Kelly Loeffler (@SBA_Kelly) <a href="https://twitter.com/SBA_Kelly/status/1927856861576831355?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/news/politics/25/05/45691310/trump-tariff-uncertainty-enters-courts-experts-say-investors-should-expect-elevated-turbulence-amid-the-bullish-gridlock">Trump Tariff Uncertainty Enters Courts: Experts Say ‘Investors Should Expect Elevated Turbulence' Amid The Bullish ‘Gridlock'</a>
Why It Matters: Here a list of some banking stocks that investors could consider.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>Year-To-Date Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>-0.36%</td>
<td>10.66%</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>10.00%</td>
<td>30.81%</td>
</tr>
<tr>
<td>Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td>4.43%</td>
<td>31.97%</td>
</tr>
<tr>
<td>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td>2.60%</td>
<td>31.43%</td>
</tr>
<tr>
<td>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</td>
<td>7.69%</td>
<td>21.64%</td>
</tr>
<tr>
<td>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>6.54%</td>
<td>26.02%</td>
</tr>
<tr>
<td>Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>)</td>
<td>-9.44%</td>
<td>3.64%</td>
</tr>
<tr>
<td>Grupo Financiero Galicia SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>)</td>
<td>-15.63%</td>
<td>63.06%</td>
</tr>
<tr>
<td>BancFirst Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANF#NASDAQ">BANF</a>)</td>
<td>6.55%</td>
<td>46.67%</td>
</tr>
</tbody>
</table>
</figure>
Here are some banking exchange-traded funds to look out for.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>ETFs</td>
<td>Year-To-Date Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Invesco KBW Bank ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KBWB#NASDAQ">KBWB</a>)</td>
<td>0.51%</td>
<td>22.70%</td>
</tr>
<tr>
<td>SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>)</td>
<td>-3.11%</td>
<td>16.44%</td>
</tr>
<tr>
<td>First Trust Nasdaq Bank ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXO#NASDAQ">FTXO</a>)</td>
<td>-1.92%</td>
<td>17.65%</td>
</tr>
<tr>
<td>Themes Global Systemically Important Banks ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIB#NASDAQ">GSIB</a>)</td>
<td>25.20%</td>
<td>36.01%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Friday. The SPY was down 0.11% at $589.39, while the QQQ declined 0.16% to $519.11, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Monday, the futures of the S&amp;P 500, Dow Jones and Nasdaq 100 indices were trading lower.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45688628/dells-ai-server-orders-hit-record-12-1-billion-in-q1-backlog-swells-to-14-4-billion-exceptionally-strong-demand">Dell's AI Server Orders Hit Record $12.1 Billion In Q1, Backlog Swells To $14.4 Billion: ‘Exceptionally Strong Demand'Jim Cramer Attributes Nvidia's Premarket Dip To ‘Meme Money' Frenzy: ‘Just Small Motivated Shareholders Knocking It Down'</a></li>
</ul>
Photo courtesy: Shutterstock

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