The Oracle of Omaha scooped up shares of three stocks -- including two legal monopolies -- and dumped close to $1.3 billion worth of another during the December-ended quarter.You might not realize it, but this could arguably be described as the most important week of data on Wall Street for the first quarter -- and this has nothing to do with the steady stream of operating results being announced by the stock market's most-influential businesses.Friday, Feb. 14, marks the deadline for institutional investor ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest ...

Investments in CashPro® Drive Number 1 Rankings in the Digital Transformation Benchmarking StudyCompany Named Best Bank for Innovation and Ease of Doing Business Among Other Categories in the Corporate Banking AwardsNEW YORK and LONDON and SINGAPORE, Feb. 7, 2025 /PRNewswire/ -- Bank of America's commitment to digital innovation that enhances client experiences has been recognized by Crisil Coalition Greenwich in its 2024 Digital Transformation Benchmarking Study in which the bank received numerous No. 1 ra ...

Core Viewpoint - Analyst recommendations play a significant role in influencing stock prices, particularly for Bank of America (BAC), which currently has a favorable average brokerage recommendation (ABR) of 1.42, indicating a strong buy sentiment [2][4]. Brokerage Recommendations - Bank of America has an ABR of 1.42, with 17 out of 24 brokerage recommendations classified as Strong Buy, accounting for 70.8% of total recommendations, while 4 are classified as Buy, making up 16.7% [2]. - The ABR is calculated based on actual recommendations from 24 brokerage firms, suggesting a strong positive bias in their ratings [5][9]. Zacks Rank vs. ABR - The Zacks Rank, which is a proprietary stock rating tool, classifies stocks into five groups based on earnings estimate revisions, providing a more reliable indicator of near-term price performance compared to ABR [7][10]. - Zacks Rank is updated more frequently and reflects timely changes in earnings estimates, while ABR may not always be current [11]. Earnings Estimates for BAC - The Zacks Consensus Estimate for Bank of America has increased by 0.7% over the past month to $3.69, indicating growing optimism among analysts regarding the company's earnings prospects [12]. - The recent change in consensus estimates, along with other factors, has resulted in a Zacks Rank of 2 (Buy) for Bank of America, suggesting a positive outlook for the stock [13].

Core Points - Bank of America Corporation will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA, with a liquidation preference of $25,000 per share [1] - The redemption will occur on March 17, 2025, at a price of $1,000 per depositary share, with declared dividends of $30.50 per depositary share for the current semi-annual period [2] - Dividends on the redeemed Depositary Shares will cease to accrue on the Redemption Date [2] Company Overview - Bank of America is a leading financial institution providing a full range of banking, investing, asset management, and financial services to individual consumers, small and middle-market businesses, and large corporations [4] - The company serves approximately 69 million clients in the U.S. through 3,700 retail financial centers and around 15,000 ATMs, with approximately 58 million verified digital users [4] - Bank of America is a global leader in wealth management, corporate and investment banking, and trading across various asset classes, serving clients worldwide [4]

Bank of America (BAC) is one of the most interest rate-sensitive among big banks. So, when the Federal Reserve lowered the interest rates by 100 basis points last year, the company’s net interest income (NII) benefited from it. Fixed-rate asset repricing, higher loan balance and gradual decline in deposit costs drove the sequential increase in NII since the second quarter of 2024, which was partly offset by lower interest rates.Net Interest Income Image Source: Bank of America Corp.The central bank is now p ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its ...

CHARLOTTE, N.C., Jan. 29, 2025 /PRNewswire/ -- The Bank of America Corporation Board of Directors today appointed Maria Martinez as a director, effective immediately. Maria Martinez. Photo by Beth Hall Maria Martinez, 67, was a senior executive at Cisco Systems, a global leader in networking and cybersecurity solutions, from 2018 to 2024.  She most recently served as the Chief Operating Officer with oversight of Cisco's Worldwide Operations, Customer Experience, Security & Trust, Supply Chain, and othe ...

Group 1 - Bank of America declared a quarterly cash dividend of $0.26 per share on common stock, payable on March 28, 2025, to shareholders of record as of March 7, 2025 [1] - The Board also declared a quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on April 25, 2025, to shareholders of record as of April 11, 2025 [1] Group 2 - Bank of America is a leading financial institution providing a full range of banking, investing, asset management, and risk management products and services [2] - The company serves approximately 69 million consumer and small business clients through 3,700 retail financial centers and around 15,000 ATMs, with approximately 58 million verified digital users [2] - Bank of America is a global leader in wealth management, corporate and investment banking, serving corporations, governments, institutions, and individuals worldwide [2] - The company supports approximately 4 million small business households with innovative online products and services [2] - Bank of America operates across the United States, its territories, and more than 35 countries, with its stock listed on the New York Stock Exchange (NYSE: BAC) [2]

CHARLOTTE, N.C., Jan. 29, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on February 13, 2025, all $1,500,000,000 principal amount outstanding of its 2.015% Fixed/Floating Rate Senior Notes, due February 2026 (CUSIP No. 06051GHY8) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of February 13, 2025.  Interest on the Notes will cease to accrue on the redemptio ...