Since the dawning of its Depression-era San Francisco roots, Bank of America (NYSE: BAC) has weathered close to a century of wars and financial upheavals to rise as one of the top financial institutions in the US, ranking #2 behind JP Morgan Chase by asset size.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Deutsche Bank analyst Matt O'Connor sees little upside for JPM after stock's 32% YTD rise.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
The conglomerate unloaded 21 million shares, according to a form 4 filing with the Securities and Exchange Commission late Friday.
This week, 15 companies, including Dividend King Stanley Black & Decker, are set to increase dividends, with SWK extending its 57-year streak by 1.2%. My strategy focuses on buying, holding, and adding companies that consistently increase dividends and outperform benchmarks, using SCHD as a performance gauge. The list of dividend increases is curated by merging data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, emphasizing companies with at least five years of dividend growth.
Berkshire Hathaway has been steadily backing off its longtime stake in the Charlotte, NC-based lender.
Berkshire sold around 24.7 million shares of the bank, worth nearly $1 billion, from Aug. 23 to Tuesday, according to a regulatory filing.
Billionaire Warren Buffett's Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million, as the conglomerate continues to trim down its stake in the second-largest U.S. lender.
Continuing in line with his recent trend of selling Bank of America (NYSE: BAC) shares, Warren Buffett, CEO and founder of Berkshire Hathaway (NYSE: BRK.A), offloaded nearly $1 billion worth of BAC shares in just three trading days.
In the most recent trading session, Bank of America (BAC) closed at $39.67, indicating a -0.63% shift from the previous trading day.
In this article, I will present you with two high dividend yield companies that, I believe, are presently attractive, given their current Valuation, financial robustness, and leading competitive position. Both companies pay an attractive Dividend Yield [FWD] of 3.11% and 7.01%, and have the potential for dividend growth. While I suggest overweighting one company (with an allocation limit of 5%), I recommend underweighting the other (setting an allocation limit of 2.5%).