Dividend raises were all the rage after major lenders aced the Fed's annual stress tests. Neither of these two banks wasted much time declaring meatier shareholder payouts.
World soccer's governing body FIFA has announced Bank of America Corp. as the official banking sponsor of the 2026 World Cup.
For the most part, 2024 has been a year of relative success for financial stocks, as the sector has been able to provide strong returns to investors amid a U.S. economy that could be reaching a breakpoint for the average consumer. Recently, Bank of America (NYSE: BAC ) CEO Brian Moynihan attributed this spending slowdown to a maintenance of lifestyles acquired during the pandemic-era stimulus checks.
Buffett may be shedding some of his stake in BofA, but not because its dividend is in jeopardy. Realty Income's diversification makes owning retail real estate a (much) less risky proposition.
Bank of America's team of economists no longer see the U.S. falling into a recession and now have the opposite view, CEO Brian Moynihan said over the weekend.
U.S. consumers have more debt and are starting to pull back on spending as they're trying to "maintain a lifestyle," says Bank of America's Brian Moynihan.
People around the world honor and respect Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) CEO Warren Buffett, so his sale of Bank of America (NYSE: BAC ) shares, may induce you to panic-sell or just avoid Bank of America stock. That's a mistake.
American consumers could become disheartened if the Federal Reserve doesn't cut interest rates soon. That's according to Bank of America CEO Brian Moynihan, who made that prediction in an interview with CBS News Sunday (Aug. 11), after the Federal Reserve said it would keep its rate at a range of 5.25%-5.5%.
If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited, Bank of America CEO Brian Moynihan said on Sunday.
While interest rates remain high, it offers a good opportunity to investors to consider these financial stocks for rising interest rates. An increase in interest rates often results in increased net interest margins for banks and other financial institutions.
Recently, Zacks.com users have been paying close attention to Bank of America (BAC). This makes it worthwhile to examine what the stock has in store.
Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway (BRK.A, Financial) (BRK.B, Financial) sold about 34 million shares of Bank of America Corp. (BAC, Financial) between July 17 and July 19, 19 million shares between July 22 and 24 and another 18.40 million shares between July 30 and Aug. 1, according to recent Form 4 filings.