UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-6523 Exact name of registrant as specified in its charter: Bank of America Corporation State or other jurisdiction of incorporati ...

After a broad bloodbath that came with April caused numerous experts, investors, and traders to speculate over how big the correction could be and even whether it would lead to a recession, the later parts of the month somewhat lessened the fears.JPMorgan (NYSE: JPM), in particular, came under criticism in some corners of the internet as it seemingly opted for a ‘right, no matter what’ approach, given it nearly simultaneously predicted that the correction is not yet over and that it has ended by late April. ...

The bank stock has gained 44% since the beginning of November. Is it time to sell?Since last November, Bank of America (BAC -0.21%) stock has gone on a tear, gaining nearly 44%. Bank stocks have benefited from the Federal Reserve pausing its interest rate-hiking campaign. However, inflationary pressures remain sticky, pushing back interest rate cut expectations for 2024.Given this evolving backdrop, does Bank of America deserve a spot in your portfolio?Bank of America is sensitive to changes in interest rat ...

Subscribers to Schaeffer's Weekend Trader options recommendation service received this BAC commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Financial giant Bank of America Corp (NYSE:BAC) stock suffered a sharp pullback to the 80-day moving average, but has quickly recaptured the 20- and 50-day trendlines. The equity also bottomed right at the ...

Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy advisers to bolster corporate governance.Proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis had urged shareholders to support the moves and strip Goldman CEO David Solomon and BofA CEO Brian Moynihan of their chairman roles.Norway’s $1.6 trillion sovereign wealth fund, one of the world’s largest investors, had als ...

The stock market’s strong performance in 2024 has made many investment options too expensive for some traders. However, with the recent pullback, an opportunity has emerged to invest in excellent value picks with $100.Finbold has analyzed current market trends and fundamentals to identify three compelling stocks investors should consider adding to their portfolios.Bank of America (NYSE: BAC)Bank of America (NYSE: BAC) faces the cyclicality of money-center banks, which ride the ups and downs of the US econom ...

Investing in retirement is a little different. While people may focus on growth and gains when they are accumulating wealth and trying to enlarge their nest egg, once retired, the focus tends to switch to preserving existing capital and adding new money through regular dividend payments. For these reasons, investors in retirement should seek out stable blue-chip stocks that offer a combination of safety, share price appreciation and hefty dividend payouts. Fortunately, there are plenty of these types of sto ...

Major financial institution Bank of America Corp (NYSE:BAC) reported earnings last week and the shares bottomed out following the results, falling 3.5% the day of the quarterly report and testing their 100-day moving average. Fast forward to today, and BAC is up 1.6% to trade at $38.35, pacing for a sixth-straight win, filling that pos-earnings bear gap, and trading at its highest mark since November 2022. Better yet, a "buy" signal is flashing that could keep the wind at the equity's back.  BAC's Schaeffer ...

Bank of America is rebounding from a post-earnings sell-off.Bank of America (BAC 0.90%) recently disappointed the market with its first-quarter earnings report as the stock fell 3.5% in a day. The nation's No. 2 bank by assets beat Wall Street estimates but reported a decline in net interest income due to higher deposit rates.Overall deposits were down 7%, and charge-offs were up 26% from the previous quarter to $1.5 billion. This shows that the bank's loan portfolio appears to be weakening. However, at lea ...

The billionaire investor has made Bank of America one of Berkshire Hathaway's top holdings.Berkshire Hathaway (BRK.A 0.99%) (BRK.B 0.91%) is known for its massive $350 billion stock portfolio, as many of its positions were hand-selected by legendary investor CEO Warren Buffett himself.Bank of America (BAC 2.06%) is Berkshire's second-largest stock investment. As of the latest information, Berkshire owns 1.032 billion shares of Bank of America, representing a 13.1% stake in the mega-bank. Based on the stock' ...