Bank stocks just kicked off another earnings season , making way for giants in other industries to announce their quarterly results.
24/7 Insights For the first time in almost five years, Warren Buffett trims his Bank of America stake Large cap financials have posted mixed second-quarter results Grab this free report today Access 2 legendary, high-yield dividend stocks Wall Street loves If any investor has stood the test of time, it's Warren Buffett, and with good reason.
Bank of America (BAC) shares fell in intraday trading Monday after Warren Buffett's Berkshire Hathaway (BRK.A) cut its stake in the bank by $1.5 billion.
In what can be considered a surprise move, Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) has significantly reduced its stake in a stock it has rarely touched in recent years.
Bank of America Corp.'s stock fell in premarket trading Monday, a day after its largest shareholder, Berkshire Hathaway Inc., disclosed that it had sold shares in the bank.
Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run.
Bank of America beats profit estimates and forecasts growth in net interest income despite expected interest rate cuts. Bank of America's 25% premium to book value is undervalued, making it a 'Buy' for investors. Bank of America's strong net interest income forecast and potential for book value growth make it a solid investment opportunity.
Bank of America's second-quarter earnings beat expectations. The bank expects consumer credit conditions to improve as a growth driver.
The banking giant reported impressive second-quarter results and an even more optimistic forecast.
Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed.
Bank of America (BAC) stock is trading near its 2-year high after releasing better-than-expected Q2 earnings. Here we assess whether it is too late to buy the shares or still have an opportunity to accumulate them.
Now that the new earnings season has kicked off, the financial sector comes out swinging first, giving investors insights into what is happening underneath the hood of the economy, both the corporate and the commercial economy. This week, commercial banks like Bank of America Co. NYSE: BAC and J.P.