There are many ways that companies can keep shareholders happy, whether that be through robust growth or consistent dividend payouts.   Companies can also demonstrate a shareholder-friendly nature by implementing share repurchase programs, also commonly known as stock buybacks.Let’s take a closer look at the benefits and a few recent buybacks that we’ve seen announced as of late.Benefits of BuybacksStock buybacks, also known as share repurchase programs, are commonly deployed by companies to boost sharehold ...

robwilson39 Introduction Bank of America's 4.125% fixed-rate series PP preferred shares (NYSE:BAC.PR.P) have performed in line with the iShares Preferred and Income Securities ETF (PFF) so far in 2024, delivering a circa 6% total return: BAC 4.125% Preferreds vs PFF in 2024 (Seeking Alpha) I think the 4.125% preferred shares may outperform should the Fed start easing monetary policy and could provide even greater upside in the event of an eventual US recession. I estimate the series PP shares offer an 1 ...

You won't need much up-front cash to buy all three of these great stocks.Warren Buffett has amassed a cash stockpile of nearly $277 billion for Berkshire Hathaway. It's fair to say he doesn't have to worry one bit about the share price of any stock he buys. Some people do have to consider share prices, though. There's good news if you're in that group: Berkshire Hathaway's portfolio offers several great ideas for cash-strapped investors. Here are my picks for the three best Buffett stocks to buy with $120 r ...

CHARLOTTE, N.C., Aug. 16, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on August 24, 2024 all €1,500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due August 24, 2025 (ISIN: XS2345784057; Common Code: 234578405) (the "Notes"). The Notes were issued under the Bank of America Corporation U.S.$65,000,000,000 Euro Medium-Term Note Program.  The redemption price for the Notes will be equal to the Optional Redemption Amount of €1,000 per €1,000 Cal ...

American banks are using some of their vast capital to better remunerate shareholders.It's been an eventful summer for companies on the stock exchange, so even an active investor could be forgiven for missing a major event in the financial sector -- this year's version of the annual U.S. bank stress tests. For those who might be unfamiliar, these are a series of theoretical exercises aimed at judging whether a bank would be able to withstand severely adverse economic conditions. The tests are conducted by t ...

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. However, this take is not founded in reality, as this concept of increased consumer spending habits three year ...

Bank of America's economists no longer see the U.S. entering a recession, CEO Brian Moynihan said over the weekend. "Bank of America Research does not have any recession predicted anymore," Moynihan told CBS’ "Face the Nation."  The Bank of America boss said that at this time last year, the bank's team of analysts expected the economy to slide into a recession – generally defined as a decline in gross domestic product for two consecutive quarters – but now those concerns have dissipated.BANK OF AMERICA CEO ...

With many economists and Americans recently confirming their feelings of recessionary pressures, the head of one of the country’s largest banks is giving his pulse on how people are spending their money and their impact on markets. "The people who had an account with us in January 2020 before the pandemic, you look at them now, they're still sitting with much more, even inflation adjusted, much more in their account," Bank of America Chairman and CEO Brian Moynihan said on CBS’ "Face the Nation.""The proble ...

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. There’s a lot of positive news to report about Bank of America.Still, it’s worthwhile to track Buffett’s/Berkshire’s large-scale share sales. So, let’s delve into the dumpage now before we build a bull case for Bank of America.Berkshire Unloads a Boatload of Bank of Ameri ...

American consumers could become disheartened if the Federal Reserve doesn’t cut interest rates soon.That’s according to Bank of America CEO Brian Moynihan, who made that prediction in an interview with CBS News Sunday (Aug. 11), after the Federal Reserve said it would keep its rate at a range of 5.25%-5.5%. However, the central bank has said a rate cut could come as soon as next month if inflation keeps cooling.“They’ve told people rates probably aren’t going to go up, but if they don’t start taking them do ...