CNBC's Leslie Picker reports on news regarding the incoming administration.
In the third quarter alone, Warren Buffett and his team at Berkshire Hathaway have offloaded a staggering 235 million shares of Bank of America (BAC). The conglomerate's share sales were notable, as Berkshire's previous stake was more than 10%, which required public disclosure via Form 4 to the Securities and Exchange Commission (SEC) every time it made a sale.
Warren Buffett-led Berkshire Hathaway owns numerous businesses in its public equities portfolio. While Apple gets a lot of the attention, mainly because it's a large position that has crushed the market in recent years, there's one financial stock that shouldn't fly under the radar.
BAC expects IB, NII and wealth management fees to grow in the fourth quarter of 2024. The bank also unveils new and updated guidance for loans and deposits.
We have narrowed our search to five investment bank stocks that have strong growth potential for 2025. These are: GS, MS, BAC, WFC, RJF.
Bank of America expects regulatory changes under President-elect Donald Trump to favor mergers and acquisitions among companies, including banks, CEO Brian Moynihan said on Wednesday.
Bank of America Corporation (NYSE:BAC ) Goldman Sachs 2024 U.S. Financial Services Conference December 11, 2024 1:00 PM ET Company Participants Brian Moynihan - Chairman and CEO Conference Call Participants Richard Ramsden - Goldman Sachs Richard Ramsden Okay. So I'm delighted to welcome our next presenter.
I believe Bank of America Corporation is poised for growth in 2025 due to a favorable market environment and lower regulation, despite appearing overvalued. Q3 results show solid performance in key segments, with digitalization and AI integration driving future margins and customer growth. BAC's strong balance sheet, prudent capital management, and expected EPS growth make it an attractive investment despite current valuation concerns.
Financial sector thrives in 2024, boosted by a solid economy, lower inflation, and gradual rate cuts, with Bank of America poised to challenge its all-time high. Trump's election victory and potential deregulation are expected to drive further gains for banks, echoing the post-2016 election rally. Bank of America could see significant dividend increases in 2025, potentially reaching $0.30 per share, driven by earnings growth and relaxed capital requirements.
Recently, Zacks.com users have been paying close attention to Bank of America (BAC). This makes it worthwhile to examine what the stock has in store.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
BAC stock trades near its 52-week high. Read on to know whether to buy it now or wait for a better entry point.