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Bank of America (BAC) News

Price: $42.135
Market Cap: $323.97B
Avg Volume: 38.69M

Country: US
Industry: Banks - Diversified
Sector: Financial Services

Beta: 1.34
52W Range: $24.96-44.44
Website: Bank of America

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BofA Sees 51% Increase in Companies Leveraging APIs For Real-Time Treasury Needs

Growth Surge Driven by CashPro ® API Network and CashPro Developer Studio NEW YORK and SINGAPORE and LONDON , Oct. 22, 2024 /PRNewswire/ -- The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs). Over the last 12 months, Bank of America has seen a 51% increase1 in clients using APIs, with growth driven by innovations that have simplified onboarding and accelerated speed to transact.

prnewswire.com

BofA "More Rewards Day" Takes Place Thursday, November 7

Consumer and Small Business Cardholders Automatically Earn Extra Cash Back, Miles or Points as They Prep for the Holiday Season CHARLOTTE, N.C. , Oct. 22, 2024 /PRNewswire/ -- Bank of America announced the return of its highly anticipated More Rewards Day, taking place on Thursday, November 7, 2024.

prnewswire.com

Bank of America: Buffett Selling Should Not Distract From Preferred Share

Bank of America's preferred shares offer attractive fixed dividend yields, especially BAC.PB and BAC.PK, despite loan performance challenges and Warren Buffett selling common shares. The bank's net interest income remains strong, with loans generating more interest income, although higher interest expenses persist. Bank of America's loan growth outpaces the commercial banking sector, and they have maintained a low loan to deposit ratio since the pandemic.

seekingalpha.com

Big Banks Report

We also kick off a series exploring Warren Buffett's Berkshire Hathaway.

fool.com

BofA extends guaranteed FX rate window to a year

Bank of America on Monday extended its guaranteed exchange rates by up to one year, the longest tenor in the industry, in an effort to reduce the risks to cross-currency transactions amid rising volumes.

reuters.com

BofA Extends Guaranteed FX Rates Up to 1-Year

Extension Follows Growth In Cross-Border Payments Company Named World's Best Bank for FX Payments NEW YORK and SINGAPORE and LONDON , Oct. 20, 2024 /PRNewswire/ -- Bank of America is simplifying the management of foreign exchange (FX) risk associated with cross-currency payments and receipts with the introduction of Guaranteed FX Rates of up to 1-year1, the longest tenor available in the industry today. Using this strategic solution can help companies mitigate exposure to currency fluctuations and simplify treasury management processes such as forecasting and reconciliation.

prnewswire.com

Warren Buffett Dumps Nearly $10 Billion of 1 Key Stock and Buys $345 Million of His Favorite Stock. Here's What You Need to Know.

Why is Buffett quietly offloading a significant chunk of Berkshire Hathaway's long-held stake in Bank of America?

fool.com

Bank of America may be looking to drop longtime CEO Brian Moynihan

Inside Bank of America the troops are getting restless, and for plenty of reasons. Culturally, Brian Moynihan is an odd fit for an outfit that's based on wheeling and dealing.

nypost.com

Bank Of America: A 6% Preferred Dividend Yield Remains Attractive

Bank of America's Q3 results show solid net interest income and well-covered preferred dividends, with a net profit of $6.9B and EPS of $0.816. The bank's CET1 ratio remains stable at 11.8%, despite dividend payments and stock buybacks, indicating strong financial health. The Series GG preferred shares offer a 6% yield but carry an imminent call risk, making them less attractive for new investments.

seekingalpha.com

Bank of America Declares Preferred Stock Dividends for Fourth Quarter 2024

CHARLOTTE, N.C. , Oct. 18, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: Series of Preferred Stock Dividend per Share or Depositary Share 1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.36606 October 31 November 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,417.64097 November 29 December 16 Adjustable Rate Non-CumulativePreferred Stock, Series G $1,417.64097 November 29 December 16 Floating Rate Non-CumulativePreferred Stock, Series 1 $0.38077 November 15 November 29 Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.38284 November 15 November 29 Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.38923 November 15 November 29 Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.37616 November 1 November 21 6.000% Non-CumulativePreferred Stock, Series GG $0.3750000 November 1 November 18 5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 December 1 December 26 5.000% Non-Cumulative Preferred Stock, Series LL $0.3125000 December 1 December 17 4.250% Non-CumulativePreferred Stock, Series QQ $0.2656250 November 1 November 18 4.750% Non-Cumulative Preferred Stock, Series SS $0.2968750 November 1 November 18 1 Each series of preferred stock, other than Series F and Series G, is represented by depositary shares.

prnewswire.com

Bank of America: Reasonable Value On Upcoming NIM Expansion

Bank of America stock has been fairly lackluster over the past two years or so, trailing close peer JPMorgan significantly in that time. The bank's net interest margin hasn't quite seen the same degree of upside from higher interest rates, but that should change over the full course of the cycle. Upside to NIM can drive profitability closer to management's goal. At 11x forward EPS estimates, the stock looks like a reasonable value for long-term investors.

seekingalpha.com

Berkshire Sold Bank of America Stock Again. Here's Why.

The sale brought the firm's stake back below 10%.

barrons.com

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.

fool.com

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.

reuters.com

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.

seekingalpha.com

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.

fool.com

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>>>

zacks.com

Bank of America Declares Fourth Quarter 2024 Stock Dividends

CHARLOTTE, N.C. , Oct. 16, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, payable on December 27, 2024 to shareholders of record as of December 6, 2024.

prnewswire.com

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.

zacks.com

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.

seekingalpha.com

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.

marketbeat.com

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.

seekingalpha.com

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.

pymnts.com

Three Things We Learned From Big Bank Q3 Earnings

Large U.S. banks exceeded profit expectations in the third quarter. But most also set aside more money for potential credit losses, a possible warning sign for the economy.

investopedia.com

Three Big Takeaways From Bank Earnings

What JPMorgan, Bank of America, Citi and Wells Fargo told us about consumers' finances.

wsj.com

Bank of America Corporation (BAC) Q3 2024 Earnings Call Transcript

Bank of America Corporation (NYSE:BAC ) Q3 2024 Results Conference Call October 15, 2024 8:30 AM ET Company Participants Lee McEntire - Investor Relations Brian Moynihan - Chief Executive Officer Alastair Borthwick - Chief Financial Officer Conference Call Participants Jim Mitchell - Seaport Global Betsy Graseck - Morgan Stanley Glenn Schorr - Evercore Matt O'Connor - Deutsche Bank Mike Mayo - Wells Fargo Vivek Juneja - JP Morgan Steven Chubak - Wolfe Research Erika Najarian - UBS Gerard Cassidy - RBC Operator Good day, everyone, and welcome to Bank of America's earnings announcement. At this time, all participants are in a listen-only mode.

seekingalpha.com

Bank of America CEO: Feel good about growth in net interest income in Q4 and beyond

Brian Moynihan, Bank of America chair and CEO, joins 'Squawk on the Street' to discuss how Moynihan characterizes the environment the bank is operating in, to what degree Bank of America gets hurt by lower rates, and much more.

youtube.com

Compared to Estimates, Bank of America (BAC) Q3 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Bank of America (BAC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

zacks.com

Bank of America Stock Up on Q3 Earnings Beat, IB & Trading Fee Growth

Robust trading and IB performances drive BAC's Q3 earnings. Meanwhile, NII continues to decline and poor asset quality hurts.

zacks.com

Dow Dips 200 Points; Bank of America Posts Upbeat Earnings

U.S. stocks traded lower this morning, with the Dow Jones index falling around 200 points on Tuesday.

benzinga.com

Bank of America earnings slip but not as much as expected

Bank of America Corp (NYSE:BAC) shares rose 2% in pre-market after it reported a smaller drop than expected in third-quarter profit. Earnings per share of $0.81 was down from $0.90 in the same quarter last year, but was higher than the $0.77 cents average estimate from Wall Street.

proactiveinvestors.com

Bank of America (BAC) Q3 Earnings and Revenues Top Estimates

Bank of America (BAC) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.90 per share a year ago.

zacks.com

Share optimism at four-year high as institutions dump bonds

Global investor optimism has climbed to its highest since June 2022 as fears of a recession in the US and China receded, according to Bank of America's newest survey of fund managers. Amounts held in cash have dropped to 3.9% from 4.2% while equity allocations rose to a net 31% overweight.

proactiveinvestors.co.uk

Bank of America Joins Rivals in Topping Q3 Estimates

Bank of America (BAC) reported third-quarter results above analysts' estimates Tuesday morning, as revenue rose year-over-year and profit fell by a smaller amount than expected.

investopedia.com

Bank of America tops estimates on better-than-expected trading revenue

CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.

youtube.com

Bank of America 3Q Net Interest Income Tops Estimates at $13.97 Billion

Bank of America's Wall Street operations performed better than expected as revenue from equity and fixed income, currencies and commodities trading rose 12% to $4.93 billion in the third quarter. Investment banking also outperformed expectations.

youtube.com

Bank of America Reports Third Quarter 2024 Financial Results

CHARLOTTE, N.C. , Oct. 15, 2024 /PRNewswire/ -- Bank of America reported its third quarter 2024 financial results today.

prnewswire.com

Bank of America is set to report third-quarter earnings — here's what the Street expects

Bank of America is scheduled to report third-quarter earnings before the opening bell Tuesday. Bank of America signaled in July that a rebound in net interest income was coming in the second half of this year.

cnbc.com

Goldman Sachs, Citigroup, and Bank of America: The Key to New Market Highs?

In recent days, U.S. markets have shown notable strength, driven by a mix of solid earnings reports and positive economic data.

fxempire.com

What to expect from bank earnings: BofA, Citi, Goldman

HSBC head of US financials research Saul Martinez sits down with Julie Hyman and Josh Lipton on Market Domination to discuss what investors can expect from Big Bank earnings, with Citi (C), Bank of America(BAC), Goldman Sachs (GS), and Morgan Stanley (MS) set to report this week. “With all these banks, the question is: Do we see a trough in net interest income in the second half or in early 2025?

youtube.com

Big Bank Earnings on Deck: Here's What to Watch

Betsy Graseck, Morgan Stanley's global head of banks and diversified finance research, previews the earnings reports from Goldman Sachs, Bank of America and Citigroup. She speaks on "Bloomberg The Close.

youtube.com

Buy 7 Sustainable Dividend Dogs From Barron's October 100

Barron's seventh-annual (2024) ranking of Sustainable companies started with the 1,000 largest publicly traded companies by market value, then ranked each by performance for five key constituencies: shareholders, employees, customers, community, and the planet. Home-products company Clorox sits atop for the second straight year, edging out Kimberly-Clark, CBRE Group, Hasbro, and Agilent Technologies in the top five. Per 10/10/24 data from YCharts, the top 10 of 78 dividend-paying sustainable companies ranged from 3.87%-14.6% by annual yield and ranged from 20.3%-71.56% by broker-estimated target-price upsides.

seekingalpha.com

"Better Picture" Ahead for Banking Stocks

CFRA's Kenneth Leon says there were "no surprises" to the downside for the beginning of banking's earnings season. Stephen Biggar with Argus Research agrees but notes the loan lending businesses for many banks are lagging.

youtube.com

Bank of America Merges FinTech and Technology Investment Banking Teams

Bank of America has merged its FinTech and technology investment banking teams. The 50 bankers in its FinTech team will join the 200 in its tech group, reflecting the growing similarities between the two industries, Bloomberg reported Monday (Oct. 14).

pymnts.com

Bank Of America Stock Shows Strength As Buffett Sells: Bulls In Control Ahead Of Q3 Earnings

Warren Buffett may be saying goodbye to a chunk of his Bank of America Corp BAC shares, but the charts signal a strong outlook for the stock. With the stock up 23.75% year-to-date and a solid 55.43% over the past year, BAC stock is still riding a bullish wave, even as Buffett's Berkshire Hathaway Inc BRK BRK quietly steps back.

benzinga.com

Warren Buffett just invested $87 million in this stock

After spending most of September and early October increasing his cash pile – primarily by selling hundreds of millions of Bank of America (NYSE: BAC) shares – Warren Buffett's Berkshire Hathaway (NYSE: BRK.A, BRK.B) finally reported a major stock purchase.

finbold.com

Does Warren Buffett Know Something Wall Street Doesn't? The Billionaire Legend Dumps $9.6 Billion of Key Holding While Buying $345 Million of His Favorite Stock.

The billionaire investor is making some curious moves.

fool.com

Big US banks say consumers are still strong, despite economy fears

U.S. consumers remain resilient with solid spending in the third quarter, two of the country's biggest lenders said on Friday, although there are signs higher inflation has stretched some Americans on lower incomes.

reuters.com

Warren Buffett just unloaded $382 million of this stock

An SEC filing released on October 10 revealed that Warren Buffett sold an additional $382.4 million in Bank of America (NYSE: BAC) stock.

finbold.com

Buffett's BAC stake drops below 10%: what it means for investors

Warren Buffett now holds less than 10% stake in the Bank of America stock, meaning he is no longer required to disclose future stock sales.

invezz.com

Why JPMorgan Chase, Bank of America, and Wells Fargo Are Trading Higher

JPMorgan Chase and Wells Fargo reported third-quarter earnings this morning.

fool.com

Buffett Dumps More Bank of America Stock, No Longer Has To Report Moves Promptly

Warren Buffett's Berkshire Hathaway (BRK.A) won't have to report its transactions in Bank of America (BAC) stock promptly anymore.

investopedia.com

Cramer's Stop Trading: Bank of America

CNBC's Jim Cramer explains why he is keeping an eye on shares of Bank of America.

youtube.com

How To Earn $500 A Month From Bank of America Stock Ahead Of Q3 Earnings

Bank of America Corporation BAC currently offers an annual dividend yield of 2.6%. That's a quarterly dividend amount of 26 cents per share ($1.04 a year).

benzinga.com

Bank of America Q3 Preview: Erica AI To Power Growth

Despite the stock's decline since the summer and Warren Buffett's share sales, I believe Bank of America's AI investments, particularly Erica, will sustain growth and improve operational efficiency. The Federal Reserve's interest rate cuts and BAC's strong consumer spending trends present economic tailwinds, making the current market sentiment overly cautious. Analysts' conservative EPS projections for Q3 may be exceeded due to BofA's AI-driven efficiencies and robust performance in investment banking and capital markets.

seekingalpha.com

Buffett's Berkshire Hathaway takes BofA stake below 10%

Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK.A) has reduced its stake in Bank of America Corp (NYSE:BAC), selling 9.5 million shares worth $382.4 million. It brings Berkshire's ownership in the bank below 10%, which, under US Securities and Exchange Commission rules, shareholders owning more than 10% must disclose trades within two days.

proactiveinvestors.co.uk

Buffett's Berkshire cuts stake in BofA to below 10%

Billionaire Warren Buffett's Berkshire Hathaway unloaded more Bank of America stock this week that takes its stake in the U.S. banking giant below 10%.

reuters.com

Berkshire Sells More Bank of America Stock; Now Holds 10% Stake

It's unclear whether Berkshire Hathaway CEO Warren Buffett is finished paring the Bank of America stake.

barrons.com

Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently

Warren Buffett's Berkshire Hathaway cut its stake in Bank of America below an important level.

cnbc.com

Easing cycle should be more favorable for banks going forward, says BofA's Ohsung Kwon

Steve Sosnick, Interactive Brokers chief strategist, and Ohsung Kwon, BofA Securities, talks the day's market action and upcoming bank earnings.

youtube.com

Bank of America (BAC) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Besides Wall Street's top -and-bottom-line estimates for Bank of America (BAC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

zacks.com

What to watch for when banks report Q3

Thomas Michaud, KBW president and CEO, joins 'Money Movers' to discuss what to watch for in Q3 bank earnings, how the Fed's path for rate cuts could impact the markets, and more.

youtube.com

Bank of America Is Losing Work Over Block-Trading Probe in Asia

Allegations that back employees in India shared nonpublic information with investors ahead of stock sales are costing the bank business.

wsj.com

Evaluating BAC Stock Before Q3 Earnings: Should You Buy Now or Hold?

Bank of America is slated to report Q3 results next week. So, we discuss the factors impacting its performance and whether you should buy the stock now or not.

zacks.com

Should You Tap High-Yield Bond ETFs, Following Warren Buffett?

Warren Buffett, known as the "Oracle of Omaha," recently sold a portion of Berkshire Hathaway's (BRK.A) holdings in Bank of America BAC. Previously, Bank of America was Berkshire's second-largest position after Apple AAPL, but Buffett has reduced his stake.

zacks.com

BofA Study: Nearly 80% of U.S. Business Owners Anticipate Revenue Growth in the Coming Year

Majority of women and minority business owners surveyed plan to expand their businesses over the next 12 months CHARLOTTE, N.C. , Oct. 9, 2024 /PRNewswire/ -- Nearly four out of five (78%) small and mid-sized business owners anticipate revenue growth in the next 12 months.

prnewswire.com

2 Rate-Cut Stocks at the Top of My Watch List Before 2025

The Fed recently cut rates for the first time in over four years, but it's just the beginning.

fool.com

Bank of America Private Bank Study of Affluent Americans Finds Generational and Gender Divides in Charitable Giving

More than nine in 10 high-net-worth Americans engage in philanthropy NEW YORK , Oct. 9, 2024 /PRNewswire/ -- The vast majority (91%) of affluent Americans donate to charity, but giving motivations, priorities and strategies vary by generation and gender, according to new data from Bank of America Private Bank. Direct giving with a financial contribution is the most common form of philanthropic involvement.

prnewswire.com

What to Expect from Q3 Bank Earnings Starting This Week

U.S. banks are expected to see lower earnings in their third-quarter financial reports due to the ongoing impact of higher deposit costs.

investopedia.com

Bank of America names Brabazon co-head of global M&A, memo says

Bank of America has named Eamon Brabazon co-head of global mergers and acquisitions, alongside Ivan Farman, according to an internal email seen by Reuters.

reuters.com

Earnings Preview: Bank of America (BAC) Q3 Earnings Expected to Decline

Bank of America (BAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

zacks.com

These Stocks Are Using Buybacks to Unlock Big Gains for Investors

Over each quarterly announcement coming from companies, investors tend to focus a lot on the net earnings per share (EPS) figure and not a lot on metrics that matter – arguably – just as much. Today, investors have an additional insight into a select few companies that show aggressive new share buyback programs approved by management teams in recent months.

marketbeat.com

Bank of America to Report Third Quarter 2024 Financial Results and Host Investor Conference Call on October 15

CHARLOTTE, N.C. , Oct. 8, 2024 /PRNewswire/ -- As previously announced, Bank of America will report its third quarter 2024 financial results on Tuesday, October 15.

prnewswire.com

Berkshire Hathaway Continues to Reduce Stake in Bank of America (BAC)

Berkshire Hathaway, led by Warren Buffett (Trades, Portfolio), has steadily sold shares of Bank of America (BAC, Financial) despite nearing regulatory limits on stake reductions. Over six trading days, from September 30 to October 7, Berkshire sold Bank of America shares worth approximately $675.9 million.

gurufocus.com

Berkshire Hathaway Further Reduces BAC Holdings, Cashes Out Over $10 Billion

Warren Buffett (Trades, Portfolio)'s conglomerate, Berkshire Hathaway (BRK.A), has further reduced its holdings in Bank of America (BAC, Financial), amidst an ongoing stock selling spree that has accumulated over $10 billion in cash. According to a regulatory filing, the latest round marked the 14th sale, with the company collecting significant earnings by selling shares of the second-largest bank in the U.S.

gurufocus.com

Berkshire's Latest Sale of Bank of America Stock Puts Its Stake at Just Above 10%

Berkshire won't have to file a change of ownership with regulators if its BofA holdings fall to 10% or below.

barrons.com

Berkshire Hathaway Continues to Offload Bank of America Shares

Berkshire Hathaway, led by Warren Buffett (Trades, Portfolio), has disclosed through recent regulatory filings that it sold $383 million worth of Bank of America shares over the past three trading days. This marks the 14th round of Bank of America stock sales by Berkshire since mid-July, with total proceeds exceeding $10 billion.

gurufocus.com

Warren Buffett Is Selling Bank of America Stock and Buying This High-Yield Investment Instead

Buffett has been preferring this high-yield opportunity for a couple of years now.

fool.com

3 Banking Giants Set to Kick Off Earnings Season

Earnings season is set to kick into high gear at the end of the week, and amongst the swath of companies set to release their quarterly results are several major financial firms.

schaeffersresearch.com

Higher for longer will be tougher on banks, says UBS' Erika Najarian

Erika Najarian, UBS large cap banks analyst, joins 'Squawk on the Street' to discuss what bank investors want from interest rates, if the bank outlooks stand, and much more.

youtube.com

5 Relatively Secure And Cheap Dividend Stocks To Invest In -- October 2024

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.4%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields.

seekingalpha.com

S&P 500 Earnings: Financials Face A Tough Compare With Q3 2023

Next week, Q3 '24 earnings start and the majority of the interest on the part of investors will be Friday, October 11th's financial services earnings. For the sector as a whole, financial services is presently looking for just +1.8% EPS growth in Q3 '24. Surprising to me was that the financial sector was expecting just +4.8% EPS growth in Q1 '24, and the actual was more than double that amount at +13.1%.

seekingalpha.com

Bank of America Announces Redemption of $2,000,000,000 2.456% Fixed/Floating Rate Senior Notes, Due October 2025

CHARLOTTE, N.C. , Oct. 4, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on October 22, 2024, all $2,000,000,000 principal amount outstanding of its 2.456% Fixed/Floating Rate Senior Notes, due October 2025 (CUSIP No.

prnewswire.com

Loan demand will increase as banks gain confidence the economy is expanding: RBC's Gerard Cassidy

Gerard Cassidy, co-head of global financials research at RBC Capital Markets, joins CNBC's 'Money Movers' to discuss his read on the jobs report, when loan demand will start to increase, and more.

youtube.com

Warren Buffett has sold about $10 billion of Bank of America stock — after slashing his Apple stake by nearly 60%

Warren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July. Berkshire Hathaway's American Express stake is now more valuable than its Bank of America bet.

businessinsider.com

Record Inflows to Emerging Market Funds Highlighted by Robust Investment in China

Recent data from EPFR Global reveals that global emerging market equity funds saw an impressive $15.5 billion inflow, marking the second-highest on record. This substantial investment included $13.9 billion directed towards the Chinese stock market, achieving a historic second-highest inflow as well.

gurufocus.com

My Top 10 High Dividend Yield Companies For October 2024: One Yields More Than 9%

Companies that pay sustainable dividends not only offer dividend income, but also position your portfolio for capital appreciation. I will introduce you to 10 high dividend yield companies with sustainable dividends and an attractive Valuation that are worth considering investing in during the month of October 2024. Each pick could be a strategic component to raise your portfolio's Weighted Average Dividend Yield while simultaneously contributing to reducing volatility.

seekingalpha.com

Calls of the Day: Tesla, Eli Lilly and Bank Of America

The Investment Committee debate the latest Calls of The Day.

youtube.com

Buffett's actions imply you shouldn't buy Bank of America stock above this price

Warren Buffett has sold Bank of America for 12 straight days, for the third time in less than three months, but the prices he sold the stock shows that's not a coincidence.

marketwatch.com

Registration for the 2025 Bank of America Chicago Marathon, Chicago 13.1 and Shamrock Shuffle Opens this Month

CHICAGO , Oct. 3, 2024 /PRNewswire/ -- Today the teams behind Chicago's premier racing portfolio announced registration information for the events that will make up the third annual Bank of America Chicago Distance Series. The Distance Series connects the Bank of America Chicago Marathon, Chicago 13.1 and Shamrock Shuffle 8K Run in a unique challenge that rewards participants who finish all three events in 2025 with an exclusive medal and guaranteed entry to the 2026 Chicago Marathon.

prnewswire.com

Berkshire unloads more Bank of America shares

Berkshire Hathaway unloaded more Bank of America stock this week, boosting sales since mid-July to nearly $10 billion as Warren Buffett simplifies part of his conglomerate's vast portfolio.

reuters.com

Warren Buffett just dumped $337 million of this stock

Warren Buffett and his Berkshire Hathaway (NYSE: BRK.A, BRK.B) offloaded another $337.9 million worth of Bank of America (NYSE: BAC) shares in three separate sales between September 30 and October 2.

finbold.com

Buffett's Bank Stock Strategy: Is His Profit on Bank of America a Reason to Invest in These Promising Banking Turnarounds?

Warren Buffett is often considered a buy-and-hold investor, but that's not how he treats every investment. Should you follow his bank strategy?

fool.com

Warren Buffett's Recent Reduction in Bank of America Holdings

On October 2, 2024, Warren Buffett (Trades, Portfolio)'s firm made a notable adjustment in its investment portfolio by reducing its stake in Bank of America Corp (BAC, Financial). The firm sold 8,547,947 shares at a price of $39.53 each.

gurufocus.com

Can Warren Buffett's latest $338 million sale of BofA shares hint at bigger moves ahead?

Warren Buffett's Berkshire Hathaway Inc. has eased the pace of its sales of Bank of America Corp. stock, marking a third consecutive slowdown in the process. The sales, which began in mid-July, fetched some of the lowest prices seen since the legendary investor started liquidating shares.

invezz.com

Buffett Reduces Stake in Bank of America Amid Market Speculation

Investor Warren Buffett (Trades, Portfolio)'s activities in the capital market are closely watched as indicators of both a company's and the U.S. economy's prospects. Recently, Buffett has significantly reduced his holdings in Bank of America (BAC, Financial), sparking market discussions.

gurufocus.com

Earnings Growth Set to Accelerate

The year-over-year growth pace in aggregate earnings is expected to accelerate over the next four periods, with the absolute dollar level of quarterly earnings expected to reach new all-time records in each quarter as well.

zacks.com

Berkshire Hathaway Sells $337.9 Million in Bank of America Shares

Berkshire Hathaway, led by Warren Buffett (Trades, Portfolio), has disclosed in a regulatory filing that it recently sold $337.9 million worth of shares in Bank of America (BAC, Financial). The sales occurred over the past few days, with transactions taking place on September 30, October 1, and October 2.

gurufocus.com