Bank of America names Amazon its top large-cap e-commerce pick, citing strength in logistics, AWS, and resilience.

Bank of America has named Amazon the top large-cap e-commerce pick, citing its dominant market share, strong logistics network, and continued growth in Amazon Web Services. The firm highlighted Amazon’s diversified business model and resilience amid economic challenges, boosting investor confidence. While concerns about regulation and costs persist, BofA’s positive outlook reflects long-term optimism about Amazon’s profitability and innovation.