Csenge Advisory Group cut its holdings in Bank of America Corporation (NYSE:BAC) by 29.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,695 shares of the financial services provider’s stock after selling 12,347 shares during the period. Csenge Advisory Group’s holdings in Bank of America were worth $1,532,000 as of its most recent SEC filing. Get Bank of America alerts: Other hedge funds have also recently modified their ...

Core Viewpoint - The financial sector, particularly credit card issuers, is currently experiencing stock price declines despite potential long-term profitability due to proposed regulatory changes on interest rates [2][8]. Group 1: Impact of Proposed Interest Rate Cap - President Trump proposed a one-year, 10% cap on credit card interest rates, effective January 20, which has led to significant declines in stock prices of major credit card issuers [2][3]. - Major credit card issuers such as Bank of America, JPMorgan Chase, American Express, Capital One Financial, and Citigroup saw stock declines ranging from 4.5% to 9.9% following the announcement [9]. - Payment networks Visa and Mastercard also experienced stock drops of 8% and 6.9%, respectively, indicating a broader impact on the financial sector [4]. Group 2: Historical Context and Legislative Challenges - Previous attempts to cap credit card interest rates have failed, with a similar proposal by Senator Bernie Sanders stalling in Congress last year [5][6]. - The financial industry is expected to strongly oppose the current proposal, suggesting that it is unlikely to be enacted [6][7]. - Analysts predict that the banking industry will effectively counter this proposal before it gains traction [7].

CHARLOTTE, N.C., Jan. 16, 2026 /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 Share1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.28516 January 30 February 17 Floating Rate Non-Cumulative Preferred Stock, Series F $1,096.20250 February 27 ...

Bank of America ( BAC ) beat earnings and revenue expectations for its fourth fiscal quarter this week due to an expectedly robust net interest income performance in the bank's core lending operations as well asAnalyst’s Disclosure:I/we have a beneficial long position in the shares of BAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relat ...

High court gives company hope in its effort to mitigate long-running litigation that has cost it billions of dollars. ...

Bank of America ( BAC ) beat earnings and revenue expectations for its fourth fiscal quarter this week due to an expectedly robust net interest income performance in the bank's core lending operations as well asAnalyst’s Disclosure:I/we have a beneficial long position in the shares of BAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relat ...

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7] Investment Opportunity - Wall Street is investing heavily in AI, with hundreds of billions directed towards developing smarter technologies, but there is a looming question regarding the energy supply needed to sustain this growth [2] - The company in focus is positioned to benefit from the surge in demand for electricity driven by AI data centers, making it a potentially lucrative investment [3][8] Energy Infrastructure - The company owns significant nuclear energy infrastructure, which is crucial for America's future power strategy, and is capable of executing large-scale engineering projects across various energy sectors [7] - It plays a vital role in U.S. liquefied natural gas (LNG) exportation, which is expected to grow under the current administration's energy policies [7] Financial Position - The company is noted for being debt-free and having a substantial cash reserve, amounting to nearly one-third of its market capitalization, which positions it favorably compared to other energy firms burdened by debt [8][10] - It also holds a significant equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities without the associated premium costs [9] Market Perception - The company is described as being off-the-radar and undervalued, attracting attention from hedge fund managers who are beginning to recognize its potential [9][10] - It is trading at less than 7 times earnings, which is considered exceptionally low for a business involved in both AI and energy sectors [10] Future Outlook - The ongoing AI revolution is expected to disrupt traditional industries, and companies that adapt to this change are likely to thrive [11][12] - The influx of talent into the AI sector is anticipated to drive continuous innovation and advancements, reinforcing the argument for investing in AI-related opportunities [12][13]

Brian Moynihan made a grim warning about stablecoins. During a Jan. 15 earnings call, the Bank of America CEO told analysts that as much as $6 trillion in deposits could migrate from the United States banking system into stablecoins, roughly 30% to 35% of total U.S. commercial bank deposits. Moynihan attributed the projection to U.S. Treasury Department studies. It comes at a time when tensions between lawmakers, regulators, and financial institutions over how interest-bearing stablecoins could reshape ...

Bank of America (NYSE:BAC) CEO Brian Moynihan has warned that allowing interest-bearing stablecoins could pull up to $6 trillion in deposits out of banks.Why Banks Are Fighting Stablecoin YieldsMoynihan said on the bank’s earnings call on Wednesday that stablecoins structured like money market funds would pull deposits out of the banking system, forcing banks to rely on expensive wholesale funding instead of cheap customer deposits.The issue is simple: if stablecoins offer 4% yield while banks pay 0.1% on s ...

A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.Dutch semiconductor equipment company ASML has held gains to hit record highs, following Taiwanese chipmaker TSMC's strong earnings report on Thursday. ASML — Europe's most valuable company and the world's only supplier of the complex photolithography machines needed to manufacture the most advanced artificial intelligence chips — has seen shares rise around 7% since TSMC's earnings were release ...