Bank of America Corporation (BAC)
Berkshire Sold Bank of America Stock Again. Here's Why.
The sale brought the firm's stake back below 10%.
Big Bank Stocks Climb. 3 Stocks to Consider Adding to Your Portfolio.
Big banks should see NII start to improve as the yield curve normalizes.
Buffett's Berkshire continues to reduce Bank of America stake
Billionaire Warren Buffett's Berkshire Hathaway has unloaded more Bank of America stock as it continues to trim stake in the U.S. banking giant, according to a regulatory filing.
Bank of America: Q3 Points To Upside Breakout (Technical Analysis)
Bank of America reported strong 3Q24 results, driven by higher investment banking fees and trading revenues, despite increased loan losses affecting its credit profile. The bank's net interest income grew QoQ, with a positive outlook for mortgage and auto loans, though YoY growth was impacted by higher deposit costs. Technically, the stock is bullish, breaking above key moving averages, and remains undervalued compared to peers, suggesting potential for further upside.
Why Warren Buffett Just Sold $10.5 Billion Worth of One of Berkshire Hathaway's Largest Holdings
Bank of America was once Berkshire Hathaway's second-largest position, but Buffett has sold about 25% of it so far.
Earnings Results Provide Reassuring Economic View
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Earnings Results Provide Reassuring Economic View
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Time for Big Bank ETFs on Upbeat Earnings?
A positive momentum has been noticed in the field of bank earnings. Related stocks and ETFs should gain in the near term.
Bank of America Q3: Why I Sold Shares After Earnings
Bank of America released its third quarter earnings Yesterday. The release beat expectations on revenue as well as on earnings per share. Shortly after the release came out, I sold 33% of my shares.
Bank of America Earnings Uncover Shifts in Consumer Spending
Earnings season has kicked off, and as usual, the banking and finance sector pushes the envelope first to show investors where the next market trend might be headed. Considering that financial services and markets make up a large portion of the United States economy, investors need to be able to understand what banking earnings mean.
Bank of America Q3 Earnings: Net Interest Income Finally Rose
Bank of America reported Q3 earnings with a slight stock increase of 0.55%, surpassing most analyst estimates. The key highlight is that net interest income started seeing a sequential recovery of 2%, despite an EPS decline. After Q3 earnings, the price-to-tangible book valuation became cheaper, so I reiterated my "buy rating" on the stock.
Bank of America CEO: Consumer Spending Results ‘Bodes Well' For Economic Outlook
Interest rate cuts might have been on the mind of the Wall St. analysts gathered for the Bank of America third-quarter earnings call today (Oct. 15), but digital transformation and healthy consumer spending turned out to be the stars of the show.
