Bank of America Corporation (BAC)
Bank of America names Brabazon co-head of global M&A, memo says
Bank of America has named Eamon Brabazon co-head of global mergers and acquisitions, alongside Ivan Farman, according to an internal email seen by Reuters.
Earnings Preview: Bank of America (BAC) Q3 Earnings Expected to Decline
Bank of America (BAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
These Stocks Are Using Buybacks to Unlock Big Gains for Investors
Over each quarterly announcement coming from companies, investors tend to focus a lot on the net earnings per share (EPS) figure and not a lot on metrics that matter – arguably – just as much. Today, investors have an additional insight into a select few companies that show aggressive new share buyback programs approved by management teams in recent months.
Berkshire Hathaway Continues to Reduce Stake in Bank of America (BAC)
Berkshire Hathaway, led by Warren Buffett (Trades, Portfolio), has steadily sold shares of Bank of America (BAC, Financial) despite nearing regulatory limits on stake reductions. Over six trading days, from September 30 to October 7, Berkshire sold Bank of America shares worth approximately $675.9 million.
Berkshire Hathaway Further Reduces BAC Holdings, Cashes Out Over $10 Billion
Warren Buffett (Trades, Portfolio)'s conglomerate, Berkshire Hathaway (BRK.A), has further reduced its holdings in Bank of America (BAC, Financial), amidst an ongoing stock selling spree that has accumulated over $10 billion in cash. According to a regulatory filing, the latest round marked the 14th sale, with the company collecting significant earnings by selling shares of the second-largest bank in the U.S.
Berkshire's Latest Sale of Bank of America Stock Puts Its Stake at Just Above 10%
Berkshire won't have to file a change of ownership with regulators if its BofA holdings fall to 10% or below.
Berkshire Hathaway Continues to Offload Bank of America Shares
Berkshire Hathaway, led by Warren Buffett (Trades, Portfolio), has disclosed through recent regulatory filings that it sold $383 million worth of Bank of America shares over the past three trading days. This marks the 14th round of Bank of America stock sales by Berkshire since mid-July, with total proceeds exceeding $10 billion.
Warren Buffett Is Selling Bank of America Stock and Buying This High-Yield Investment Instead
Buffett has been preferring this high-yield opportunity for a couple of years now.
3 Banking Giants Set to Kick Off Earnings Season
Earnings season is set to kick into high gear at the end of the week, and amongst the swath of companies set to release their quarterly results are several major financial firms.
S&P 500 Earnings: Financials Face A Tough Compare With Q3 2023
Next week, Q3 '24 earnings start and the majority of the interest on the part of investors will be Friday, October 11th's financial services earnings. For the sector as a whole, financial services is presently looking for just +1.8% EPS growth in Q3 '24. Surprising to me was that the financial sector was expecting just +4.8% EPS growth in Q1 '24, and the actual was more than double that amount at +13.1%.
Loan demand will increase as banks gain confidence the economy is expanding: RBC's Gerard Cassidy
Gerard Cassidy, co-head of global financials research at RBC Capital Markets, joins CNBC's 'Money Movers' to discuss his read on the jobs report, when loan demand will start to increase, and more.
Buffett's actions imply you shouldn't buy Bank of America stock above this price
Warren Buffett has sold Bank of America for 12 straight days, for the third time in less than three months, but the prices he sold the stock shows that's not a coincidence.
