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Bank of America (BAC) closed at $47.50 in the latest trading session, marking a +1.06% move from the prior day.
Bank of America's private banking arm said on Friday industry veterans Phillip Edwards and Lauren Stuhmer would join its Palm Beach office as private client advisers.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Bank of America's co-head of investment banking in India and two other bankers have left the company amid an investigation into wrongdoing allegations, the Financial Times reported on Thursday, citing three people familiar with the matter.
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The Bank of Canada (BoC) is likely to cut interest rates in December by 25 basis points after headline inflation for October came in at 2%, analysts at the Bank of America Corp (NYSE:BAC) believe. Analysts see just a 25 basis point cut in December instead of another 50 basis point decrease as inflation rose month-over-month from 1.6% in September, driven by higher gas prices.
Though some third-quarter stock market moves of ‘The Oracle of Omaha' Warren Buffett, have been known for months, and others – like Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) stock sales – drew much attention, the latest 13-f filing provided the fullest picture to date.
Bank of America's stock (NYSE: BAC) has gained about 42% year-to-date, compared to the 25% rise in the S&P500 index over the same period. Bank of America's peer Wells Fargo (NYSE: WFC) is up by an even stronger 54% YTD.
In the latest trading session, Bank of America (BAC) closed at $46.72, marking a -0.06% move from the previous day.
Bridgewater Associates added shares of big banks to its portfolio in the third quarter, securities filings showed, ahead of a rally that followed Donald Trump's victory in the U.S. presidential election.