Salesforce Shares Rise on Bank of America Upgrade and Loops AI Acquisition

Key Facts

1Bank of America upgraded Salesforce shares to Buy from Underperform, citing AI-driven demand for enterprise software.

2Salesforce announced an agreement to acquire Loops, an AI-powered analytics startup, to expand its business intelligence strategy.

Bank of America upgraded Salesforce shares to Buy from Underperform, citing AI-driven demand for enterprise software. According to Invezz, the company also announced an agreement to acquire Loops, an AI-powered analytics startup, to expand its business intelligence strategy.

Salesforce (CRM) closed at $229.13 on October 9, 2026, while Bank of America (BAC) closed at $54.32 on the same date. In the banking sector, peer stocks saw varied closing levels on October 9, 2026, with JPMorgan (JPM) finishing at $332.99 and Wells Fargo (WFC) at $83.55.