Bank of America Gains, Broadcom Rises, Hermes Falls as Middle East War Hurts Sales
Stock Movers15 Huhti

Bank of America Gains, Broadcom Rises, Hermes Falls as Middle East War Hurts Sales

On this episode of Stock Movers:
- Bank of America (BAC) shares gain. Bank of America Corp.’s stock-trading desk set a record, riding a wave of volatility that helped push the bank’s earnings to the highest in nearly two decades. Revenue from equity trading climbed 30% to $2.8 billion in the first quarter, while fixed-income trading rose less than 1% to $3.5 billion.
- Broadcom (AVGO) shares rise. The chipmaker expanded its partnership with Meta to support the technology giant's AI compute infrastructure.
- Hermes ADRS fall. Hermès shares tumbled as much as 14% as the disruption from the conflict in the Middle East dented the Birkin bag maker’s sales growth, showing that even the luxury goods industry’s most-resilient player is feeling the effects.

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