As the market rotation gets underway, with traders and investors showing growth in preferences for small-cap stocks and bonds, a few other cogs in the machine need to be in place first. Historically, whenever the financial markets are about to make a pivot, activity and price action around the financial sector are leading indicators for investors to consider.
Warren Buffett and his investment team have dumped nearly 52.8 million shares of Berkshire Hathaway's second-largest holding, Bank of America, over a six-session stretch. Buffett has been a net-seller of equities for six consecutive quarters (through Mar. 31, 2024).
Yes, 34 million is a lot of shares, but it's best to look at the bigger picture. Berkshire Hathaway, Buffett's company, still owns nearly a billion shares.
Warren Buffett and Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) have now sold Bank of America (NYSE: BAC ) for six consecutive trading days. The conglomerate's last Form 4 revealed that it had sold 18.89 million shares between July 22 and July 24.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Warren Buffett's holding company sold more Bank of America shares this week, reducing its holding across six consecutive trading days.
Warren Buffet has been selling shares of his second-largest holding in recent days.
Zacks.com users have recently been watching Bank of America (BAC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Does Bank of America (BAC) have what it takes to be a top stock pick for momentum investors? Let's find out.
The Oracle of Omaha's sensational investing track record has earned him an extensive following on Wall Street. New filings show that Buffett and his top advisors sold nearly 33.9 million shares of Bank of America stock from July 17 through July 19.
Buffett trimmed his Bank of America stock for the first time since 2019 last week. The sales come after Buffett sold 13% of his Apple stake in the first quarter.
Bank of America offers competitive yields on preferred shares, with the 6% yielding fixed preferred share being a better option for income investors. Despite facing challenges with rising interest rates, Bank of America has navigated its earnings well and maintained stability in net interest margin. Investors should be cautious of risks such as loan losses and consider fixed rate preferred shares over floating rate options in anticipation of interest rate cuts.