Warren Buffett and Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) have now sold Bank of America (NYSE:BAC) for six consecutive trading days. The conglomerate’s last Form 4 revealed that it had sold 18.89 million shares between July 22 and July 24. These shares were sold at average prices ranging between $42.38 and $42.56 worth a total of $802.5 million.During the past six trading days, Berkshire has sold a total of 52.8 million shares of BAC stock worth $2.3 billion.Buffett’s sales contrast with his optimism a ...

"Athletes today are navigating an increasingly complex financial landscape and are expected to make decisions at an early age that can have a significant impact on their futures," said Greg McGauley, Head of Merrill Private Wealth Management, International and Institutional Groups. "That is why this partnership with IMG Academy is so important and timely. It offers students and their parents the education and resources to help them make informed financial decisions now and in the future."Recognizing the gro ...

Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett's conglomerate has reduced its stake in the bank.The Omaha, Nebraska-based holding company sold another 18.9 million shares via transactions on Monday, Tuesday and Wednesday at an average price of $42.46, raising $802.5 million, a new regulatory filing showed.Over the last six trading sessions, Berkshire has unloaded 52.8 million Bank of America shares worth $2.3 billion, reducing the sta ...

CashPro is Bank of America's digital banking platform accessed by 550,000 users at 40,000 companies around the world to manage and monitor their payments, deposits, loans, and trade finance transactions. The CashPro App is integral to this platform, and the No. 1 ranked mobile app for corporate and commercial banking."This volume of payment approvals via our CashPro App reflects a shift in client behavior and digital banking expectations over the last few years," explained Jennifer Sanctis, head of CashPro ...

CHARLOTTE, N.C., July 24, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, up $0.02 from the prior quarter. The dividend is payable on September 27, 2024 to shareholders of record as of September 6, 2024.The Board also authorized a new $25 billion common stock repurchase program, effective August 1, 2024, to replace the company's current program, which will expire on that dat ...

As the workplace continues to rapidly evolve and new career opportunities develop, Bank of America recognized early on the need to prepare a diverse pipeline of young adults for success in the modern workforce. Over the program's 20 years, the bank has placed 4,500 students across nearly 100 communities into paid internships at more than 500 local nonprofits – representing a $42 million investment into youth workforce development.Many of these student interns continued to make an impact long after their int ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

ProArtWork Introduction The prospect of interest rate declines later this year has left income investors searching for yield. Among big banks, there are several preferred shares that are offering competitive yields. Bank of America, one of the country’s largest banks, offers 13 different preferred shares, with yields of up to 7%. In the past, I’ve encouraged investors to reach for yield, even with Bank of America when they offered a 6.55% coupon bond. Unfortunately, the higher yield is not always better ...

Bank stocks just kicked off another earnings season, making way for giants in other industries to announce their quarterly results. Now that the dust has settled within the financial services sector, let's take a moment to check in with Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), and Fifth Third Bancorp (NASDAQ:FITB).BAC was last seen down 1.4% to trade at $42.33, following news that Berkshire Hathaway (BRK) sold 33.9 million shares for roughly $1.5 billion. The security is taking a breather fr ...

Key TakeawaysWarren Buffett's Berkshire Hathaway reduced its stake in Bank of America by 33.9 million shares over a three-day period last week.The selloff reduced the company's holdings by about $1.5 billion, although it continues to have nearly 1 billion shares of the bank in its portfolio.Berkshire continues to own almost a 13% stake in Bank of America. Bank of America (BAC) shares fell in intraday trading Monday after Warren Buffett’s Berkshire Hathaway (BRK.A) cut its stake in the bank by $1.5 billion. ...