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 ...

Group 1 - Bank of America has invested $42 million in youth workforce development over 20 years, placing 4,500 students in paid internships at over 500 local nonprofits [1][2] - The Student Leaders program aims to prepare a diverse pipeline of young adults for success in the modern workforce, contributing to America's long-term economic growth [2] - The program culminates in a leadership summit in Washington, D.C., where participants build networks and engage with leaders from various sectors [2] Group 2 - Bank of America serves approximately 69 million consumer and small business clients through around 3,800 retail financial centers and 15,000 ATMs [3] - The company is a global leader in wealth management, corporate and investment banking, and trading across various asset classes [3] - Bank of America operates in over 35 countries, providing a full range of banking, investing, and risk management products and services [3]

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. ...

In what can be considered a surprise move, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has significantly reduced its stake in a stock it has rarely touched in recent years.According to regulatory filings, the conglomerate sold 33.9 million shares of Bank of America (NYSE: BAC) over three days for nearly $1.5 billion at an average price of $43.56 per share. Berkshire Hathaway SEC filing for BAC stock sale. Source: SECDespite this substantial sale, Bank of America remains Berkshire Hathaway’s second-lar ...

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run.Warren Buffett's conglomerate sold 33.9 million shares of Bank of America shares for almost $1.5 billion in separate sales on Wednesday, Thursday, and Friday at an average selling price of $43.56, a regulatory filing showed ...

ProArtWorkLast week we saw better-than-expected results from banks including Bank of America Corporation (NYSE:BAC) which, besides beating profit estimates, is forecasting growth in its net interest income, despite projecting that the central bank would lower interest rates three times in 2024. I think that Bank of America continues to make a robust value proposition here, particularly because of its net interest income forecast, and the U.S. economy is also doing quite well right now, with receding inf ...

The blazing rally in shares of this megabank can keep going.Shares of Bank of America (BAC -0.26%) surged following the release of its latest quarterly earnings. The megabank beat expectations with results benefiting from a resilient economic backdrop and improving credit conditions. The stock is up an impressive 31% year to date, climbing back to its highest level since early 2022.The positive headlines are encouraging, but are they enough to keep the rally in Bank of America stock going? Here's what inves ...