Bank of America Corporation (BAC)
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.
Are You Missing Out on These 2 Dividend Raises From Major Banks?
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.
Bank of America teams with FIFA to sponsor U.S.-hosted 2026 World Cup
World soccer's governing body FIFA has announced Bank of America Corp. as the official banking sponsor of the 2026 World Cup.
3 Financial Stocks Poised for a Comeback After Last Week's Market Meltdown
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.
Want Decades of Passive Income? 3 Stocks to Buy Right Now
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 no longer predicting recession, CEO says
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.
Bank of America CEO reveals where US consumer money is going and the 'problem' with it
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.
Warren Buffett's Been Dumping Bank of America Stock. Buy It Anyway.
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.
