Bank of America Corporation (BAC)
Bank of America: Potential Net Interest Income Trough Strengthens Outlook
Bank of America hasn't visited higher quarterly net interest income and margin since Q4 '22. Nonetheless, management provided an outlook where they believe Q2 '24 is the NII trough. A dividend discount valuation suggests the stock contains a margin of safety with an intrinsic value above $50, and a multiple history implies that the stock trades at normalized ratios. Combining a positive outlook and an appealing valuation, I rate the stock of Bank of America as a buy.
3 Warren Buffett Stocks That Are Screaming Buys Right Now
Warren Buffett can't seem to get enough of energy company Occidental Petroleum. Berkshire's been shedding BofA shares although it still owns far more than it's sold.
All It Takes Is $1,000 Invested in Coca-Cola and Each of These 3 Warren Buffett Dividend Stocks to Generate Over $100 in Passive Income Per Year
Coca-Cola has paid and raised its dividend for 62 consecutive years. Bank of America is a good value, and its dividend has become more reliable.
Bank of America Corporation (BAC) is Attracting Investor Attention: Here is What You Should Know
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.
Selling spree: Is Warren Buffett losing confidence in this stock?
After revealing a revamped stock portfolio in his 13F fillings, the second quarter for Warren Buffett showed that he abstained from selling Bank of America (NYSE: BAC) stock during this period; however, the month of July started his selling spree.
Bank Of America Stock Is Up 19% YTD, Where Is It Headed?
Bank of America's stock (NYSE: BAC) has gained 19% YTD, as compared to the 18% rise in the S&P500 index over the same period. Notably, Bank of America's peer Wells Fargo (NYSE: WFC) is up 14% YTD.
Bank Stock Slides as Buffett Dumps More Shares
Shares of Bank of America Corp (NYSE:BAC) are in the spotlight today, after a regulatory filing revealed Warren Buffett's Berkshire Hathaway (BRK.A) decreased its stake further, after dumping millions of shares in July.
Buffett Continues to Trim BAC Stake: Should You Sell the Stock?
Here, we are assessing whether to follow Warren Buffett and unload Bank of America (BAC) stock or pile it up at the current level to generate solid returns over time.
Warren Buffett's Berkshire sells $550mln more of Bank of America stake
Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK.B) has continued to offload Bank of America Corp (NYSE:BAC) shares in recent days, with the latest stake sale worth around US$550 million (£423 million). Some 14 million shares in the Wall Street bank were sold between Thursday and Monday, according to a securities filing, at an average price of US$39.50.
Buybacks: 3 Companies Aggressively Buying Shares
Companies commonly deploy repurchase programs to boost shareholder value, all of which we've recently seen from Builders FirstSource, Unum Group, and Bank of America.
Bank Of America: Fixed-Rate Preferred Shares Offer Upside On Fed Cuts/Recession
Bank of America's Series PP 4.125% fixed-rate preferred shares have performed in line with the iShares Preferred and Income Securities ETF in 2024. I think the series PP securities may reach a price of $21.2/share by the end of 2026, providing an 11% annualized return equally split between dividends and capital gains. The capital gains should be driven in large part by Fed rate cuts to about 3.1% by the end of 2026.
The Best Warren Buffett Stocks to Buy With $120 Right Now
Although Buffett recently sold shares of one of these stocks, it remains a great long-term pick. Another offers a low valuation and a great dividend.
