Bank of America’s equity research unit cut its 12-month price target on Dell Technologies after memory component costs rose substantially, pressuring client profit margins and outlook. Analysts noted the rise in memory costs could reduce corporate banking lending volumes tied to tech sector equipment upgrades.

Merrill’s wealth management arm has launched a specialized equity and derivative trading desk exclusively for ultra-high-net-worth clients with multi-million-dollar portfolios. The initiative aims to enhance fee-based income by offering tailored trade execution, deeper liquidity access and personalized market insights.