During the third quarter (Q3) of 2024, the extensive selling activity – particularly of Bank of America (NYSE: BAC) stock – of Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A, BRK.B) drew much attention.More recently, the trend reversed and numerous massive purchases made by the legendary ‘Oracle of Omaha’ started making headlines once more. A recent – and massive – example came on December 19 when the buying of nearly 9 million Occidental Petroleum (NYSE: OXY) shares was disclosed. Receive Signals on SEC ...

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.In the federal civil complaint, the Consumer Financial Protection Bureau asserts that the banks rushed to get the peer-to-peer payments platform to market without effective safeguards against fraud and then, after consumers complained about being defrauded o ...

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and Wells Fargo — alleging that they failed to protect consumers from “widespread fraud” on the peer-to-peer payment network.The agency’s complaint alleged that the defendants violated consumer financial protection laws by failing to implement safeguards on the payment network and denying assistance to consumers who filed fraud complaints, the CFPB said in a F ...

The Federal Reserve announced yet another interest rate cut of 25 basis points yesterday despite persistent inflation. This lowered the Fed funds rates to the 4.25-4.5% range, which is now at the same level as in December 2022. Further, the central bank scaled back the number of cuts it projects for 2025, signaling caution. The “dot plot,” which maps out policymakers' expectations for where interest rates could be headed in the future, showed only two interest rate cuts for 2025. This is lower than the four ...

The Federal Reserve has started cutting interest rates since September 2024 and has cut interest rates by 75 basis points so far this year. The final rate cut of 25 basis points for 2024 is expected at today’s FOMC meeting.During the first rate cut meeting in September 2024, the Fed signalled four potential rate cuts in 2025. However, recent hotter-than-expected inflation suggests prices are becoming sticky, making it harder for inflation to decrease. This has led to assumption that the Fed may scale back i ...

There are many different types of investors on Wall Street, but the CEO of Berkshire Hathaway (BRK.A -0.31%) (BRK.B -0.59%) is in a class of his own. Since taking the helm at the holding company, he's delivered a 4,615,876% return. That's roughly twice as much as investors would have earned by investing in the benchmark S&P 500 index.You don't need to be a Wall Street insider to know which stocks Buffett and Berkshire Hathaway are investing in. Every three months, the Securities and Exchange Commission make ...

CHARLOTTE, N.C., Dec. 16, 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 Shareor Depositary Share1 Record Date Payment Date 7.25% Non-Cumulative PerpetualConvertible Preferred Stock, Series L $18.125 January 1 January 30 5.875% Non-Cumulative PreferredStock, Series HH $0.3671 ...

Warren Buffett-led Berkshire Hathaway owns numerous businesses in its public equities portfolio. While Apple gets a lot of the attention, mainly because it's a large position that has crushed the market in recent years, there's one financial stock that shouldn't fly under the radar.I'm talking about Bank of America (BAC), the massive money-center bank that the Oracle of Omaha has owned since 2007. Its shares have generated a total return of 42% this year (as of Dec. 9).Should you buy this top Buffett stock ...

Bank of America Corp. (BAC) disclosed its outlook for the fourth quarter of 2024 and the full year 2025 on Wednesday at the Goldman Sachs U.S. Financial Services Conference.Brian Moynihan, chairman & CEO of Bank of America maintained an optimistic view for 2025 given the cooling down of inflation amid rate cuts and expected favorable regulatory changes in light of the Donald Trump-led administration.BAC’s OutlookNet Interest Income: The bank anticipates net interest income (NII) to rise sequentially in the ...

The investment bank industry has flourished in 2024 following a rebound in corporate debt and equity issuances and deal-making activities, which is expected to increase investment banking fees. This momentum is expected to continue in 2025.With sustained weakness in underwriting, IPOs and deal-making activities since 2022 due to geopolitical tensions, global supply-chain disruptions, and aggressive monetary policy tightening worldwide to control inflation and potential recession risks, green shoots in advis ...