Bank of America reported what the company described as its best quarterly performance in nearly two decades, though the specific figures driving that characterization were not disclosed in the available reporting. The result positions the bank as a standout performer in what has been an uneven earnings environment across large U.S. financial institutions. A quarter of this magnitude, if confirmed by underlying data, would reflect broad strength across revenue lines, typically net interest income, trading, and fee-based businesses, rather than a single outsized item. Investors and analysts tracking the large-cap banking sector will focus on whether the performance reflects durable margin expansion or a one-cycle tailwind from elevated interest rates. The comparison to prior decades also sets a high watermark for future quarters, making guidance and forward commentary from management the critical variable to watch as rate expectations shift.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
