It looks like Bank of America is having some doubts about video game makers Electronic Arts and Activision Blizzard because of competition from Fortnite which is made by Epic Games.

While the popularity of Fortnite has stayed strong for a while now, Bank of America seems out of touch with the video game industry and how large it actually is.  I wouldn’t pay much attention to Bank of america on this call…


 

Bank of America Merrill Lynch lowers its rating for both Electronic Arts and Activision Blizzard shares, citing competition from “Fortnite” and potential game sales pressure.