Bank of America and Hasbro top estimates, ARM soars on SoftBank buyout

Here are some of the stocks the Yahoo Finance team will be tracking for you today.

US listed shares of ARM Holdings (ARMH) soared in early trading. The UK supplier of Apple (AAPL) iPhone chips is being bought by Japanese telecom giant SoftBank for a whopping $32 billion. The deal will help expand SoftBank’s presence in the growing Internet of Things sector.

Bank of America (BAC), the second-largest US bank by assets, posted earnings and revenue that topped analysts’ estimates. However, profit and sales fell from a year ago as it earned less on its loans because of lower interest rates and set aside more money to cover bad loans.

Hasbro (HAS) reported stronger-than-expected earnings and revenue for the second quarter. Sales rose more than 10% from a year ago as Star Wars and other Disney (DIS)-themed toys continued to drive growth.

Yahoo (YHOO), the parent company of Yahoo Finance, is on investors’ watch list. Today is the deadline for those interested in Yahoo’s core business to submit final bids. Some potential bidders include Verizon (VZ), AT&T (T) and numerous private-equity firms. Separately, the media giant is also scheduled to release quarterly results after the close of trading. Analysts expect Yahoo to earn $0.10. That’s down from $0.16 a year ago.