Moynihan Sees Built GDP Expectations, Resilient Spending; Analysts Maintain Shopify Buy After 31% Growth
Bank of America CEO Brian Moynihan said U.S. GDP expectations built over months, consumer spending remains resilient and corporate IPO and deal activity is strong. Bank of America analysts maintained Buy on Shopify after Q4 revenue rose 31% to $3.7B, guided low-30s growth, authorized $2B buybacks with a $190–$192 target.
1. Moynihan Highlights Constructive U.S. Backdrop
Bank of America CEO Brian Moynihan noted that U.S. GDP expectations have built over recent months, pointing to resilient consumer spending in the bank’s internal data. He added that corporate activity in areas like IPOs and mergers remains robust, signaling a favorable environment for lending and fee income.
2. BOA Analysts Uphold Buy Rating on Shopify
Equity analysts at Bank of America reiterated a Buy rating on Shopify after fourth-quarter revenue climbed 31% to $3.7 billion. They forecast low-30s percent revenue growth for 2026, approved up to $2 billion in share repurchases and set a $190–$192 price target, underscoring confidence in merchant services expansion.