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.Buffett sold over $9.6 billion worth of Bank of America stock during the third quarter and an additional $140 million in the first two days of October, per a Motley Fool article, as quoted on Yahoo Finance. In fact, Buffett's been a net seller of st ...

This is according to the 2024 Bank of America Women & Minority Business Owner Spotlight (PDF), published in partnership with Bank of America Institute. The survey of more than 2,000 small and mid-size business owners across the country explores sentiments about business outlook, access to capital, how they manage their employees, and how they interact with their community. This annual survey samples a general population of small and mid-sized business owners and includes specific insights into the perspecti ...

Bank of America is an advertising partner of The Ascent, a Motley Fool company. Matt Frankel has positions in Bank of America. Tyler Crowe has positions in LGI Homes. The Motley Fool has positions in and recommends Bank of America and LGI Homes. The Motley Fool has a disclosure policy.Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions re ...

"Our 2024 study reveals a common thread among high-net-worth individuals: a strong desire to make a positive change with lasting impact," said Jennifer Chandler, Head of Philanthropic Solutions at Bank of America Private Bank. "However, responses also make it clear that there's more than one way to achieve that goal. Generational and gender experiences shape worldviews and values, influencing cause selection and how people give." Differences in Age: Philanthropy is a way to impact the future, but what that ...

The market expects Bank of America (BAC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 15, 2024, might help the stock move higher if these key numbe ...

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. There are two ways that investors typically get a return from investing in stocks: one is capital gains from buying low and selling high, and the other ...

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.  The results will be released at approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET.The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings.Investor Conference Call InformationFor a list ...

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.Despite these sales, Berkshire Hathaway still retains approximately a 10.1% stake in Bank of America, valued at around $31.4 billion. ...

Buffett has been preferring this high-yield opportunity for a couple of years now.Warren Buffett is one of the most widely respected investors in the world. And there's a good reason. With nearly 70 years investing in the public eye, he's produced incredible returns for anyone willing to invest alongside him. He recently saw the value of Berkshire Hathaway (BRK.A -2.00%) (BRK.B -1.83%) surpass $1 trillion. It's come a long way from the $22 million company Buffett took over in 1965, largely on the back of Bu ...

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. The banking sector tends to outperform in the fourth quarter, with the Financial Select Sector SPDR Fund (XLF) taking second place on Schaeffer's Senior Quantitative Analyst Rocky White's list of exchange-traded funds (ETF) that outperformed during the quarter over the last 10 years.With that in mind, we're going to take a quick lo ...