Bank of America (BAC) closed the latest trading day at $39.47, indicating a +1.83% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 1.16%. Meanwhile, the Dow experienced a rise of 1.2%, and the technology-dominated Nasdaq saw an increase of 1.16%.Heading into today, shares of the nation's second-largest bank had gained 1.25% over the past month, lagging the Finance sector's gain of 5.48% and the S&P 500's gain of 3.48% in that time.Market participants will ...

Key TakeawaysWarren Buffett's Berkshire Hathaway sold more Bank of America stock to end August and start September, trimming its stake in nine straight trading sessions.The latest selling spree comes after the firm sold millions of shares in July after Bank of America stock hit a two-year high following an earnings beat.Berkshire still owns just over 11% of Bank of America's outstanding shares, a stake currently worth about $34.7 billion. Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) further trimmed it ...

The Federal Deposit Insurance Corporation (“FDIC”)-insured commercial banks and savings institutions reported second-quarter 2024 earnings of $71.5 billion, which increased 1.1% year over year.Banks, with assets worth more than $10 billion, accounted for a major part of earnings in the June-ended quarter. Though such banks constitute only 3% of the total number of FDIC-insured institutes, these account for approximately 80% of the industry’s earnings. Some notable names in this space are JPMorgan (JPM) , Ba ...

Although abstaining from selling Bank of America (NYSE: BAC) stock during the second quarter, as revealed in his updated portfolio, Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A), has sold almost $7 billion worth of this stock since the end of Q2.The trend continued with Buffett’s latest sale on September 5, where he offloaded 18,746,304 BAC shares at an average price of $40.51 per share for a total profit of $759.5 million.Buffett’s sale of BAC stock. Source: SECLooking at the previous filings wit ...

Buffett's huge position in this stock speaks volumes.Berkshire Hathaway's record-high cash stockpile might give some investors the wrong impression. Warren Buffett isn't completely avoiding buying stocks. Granted, he's being very selective -- but that's nothing new for the legendary investor.Buffett recently bought eight stocks. And I think one of them is the best of the bunch for income investors.All the stocks Buffett boughtBuffett initiated new positions in two stocks during Q2. He bought over 1 million ...

Warren Buffett has again unloaded Bank of America (BAC) stock. Since mid-July, the Oracle of Omaha has sold nearly 150 million BAC shares.Between Aug. 23 and Aug. 30, Berkshire Hathaway (BRK.B) sold almost 46 million BAC shares. Berkshire now owns 11.4% of one of the biggest American lenders. Despite this sell-off, BAC's stake remains Berkshire’s third biggest investment, behind Apple (AAPL) and American Express (AXP) . Many investors follow Buffett and try to match his investing style. He has been a long-t ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Bank of America (BAC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Bank of America currently has an average brokerage recomm ...

mouu007 This week features fifteen upcoming dividend increases, including Dividend King Stanley Black & Decker. SWK extends its 57-year streak with a light 1.2% increase. I will call out that we have some new challengers on the list, two of which have multiple share classes involved. For Clearway Energy (CWEN)(CWEN.A) and Fox Corporation (FOX)(FOXA), I'm only including the primary share class, but both A shares also have the same increases. Additionally, while Kellogg's, turned Kellanova, is on the list ...

Billionaire investor Warren Buffett’s Berkshire Hathaway sold nearly $1 billion worth of Bank of America shares as his firm continues to cut its stake in the second-largest US lender.The conglomerate sold about 24.7 million Bank of America shares, worth $981.9 million, between last Friday and Tuesday, according to a regulatory filing Tuesday.Berkshire has now shed about $5.4 billion worth of Bank of America shares in a string of sales since mid-July. Billionaire investor Warren Buffett’s Berkshire Hathaway ...

Continuing in line with his recent trend of selling Bank of America (NYSE: BAC) shares, Warren Buffett, CEO and founder of Berkshire Hathaway (NYSE: BRK.A), offloaded nearly $1 billion worth of BAC shares in just three trading days.After selling $4.36 billion worth of Bank of America shares in trades from July 22 to August 19, the ‘Oracle of Omaha’ decided to speed up his offloading process by selling 24.7 million BAC shares worth $981.9 million in three trading days spanning from August 23 to August 27, as ...