Investing.com - Among the stocks trending on Monday are Bank of America, ARM Holdings, Netflix and Nintendo. Let’s take a closer look at why these stocks are making headlines and creating buzz.
Bank of America (NYSE:BAC) reported second quarter earnings ahead of Monday’s opening bell that were higher than consensus while revenue came in just under forecasts, as low interest rates continued to impact the bottom line. The bank earned 36 cents a share in the April-to-June quarter on revenue of $20.4 billion. Analysts expected earnings of 33 cents a share on sales of $21.02 billion.
Other companies slated to report earnings on Monday include, Netflix Inc (NASDAQ:NFLX), Yahoo (NASDAQ:YHOO) and IBM (NYSE:IBM).
Meanwhile, Japan's Softbank (T:9984) has agreed to buy U.K.-based chip designer ARM Holdings PLC in a £24.3 billion ($32.2 billion) deal, the two companies said on Monday. Under the all-cash, agreed offer, Softbank will pay £17.00 for every ARM share - a premium of more than 40% to Friday's close.
ARM shares (LON:ARM) jumped nearly 43% in London, while U.S.-listed shares (NASDAQ:ARMH) on the Nasdaq Composite were up 44% in pre-market trade.
Elsewhere, Nintendo Ltd (OTC:NTDOY) was in focus again as its Pokemon GO mobile game launched in 26 new countries over the weekend.
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