The current market correction, which began in 2023 with global geopolitical unrest, high inflation and interest rates affecting collectors, has spilled into 2024. Less marquee estate property in the May sales potentially also dampened bidders' confidence and enthusiasm. Fewer masterpiece works are being offered in what has widely been viewed as a "buyer's market." Galleries face a critical choice: adapt to the new market reality or risk accumulating unsold inventory. "Collectors are more discerning than eve ...

When I last covered Bank of America Corp. (NYSE: BAC ) with my article “ Sell Bank of America ” in early January 2021, the stock was in the middle of a substantial rally that would eventually generate gains of over 179% inAnalyst’s Disclosure: I/we have a beneficial long position in the shares of BAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no bu ...

Bank of America Corporation (NYSE:BAC) BancAnalysts Association of Boston Conference November 7, 2024 4:35 PM ET Company Participants Holly O'Neill - President of Retail Banking Aron Levine - President of Preferred Banking David Tyrie - Chief Digital Officer and Chief Marketing Officer Mary Hines Droesch - Head of Product for Consumer, Business, Wealth Management, Banking and Lending Lee McEntire - Investor Relations and Local Markets Organization Executive Conference Call Participants Gerard Cassidy - RBC ...

These two banking titans combine cutting-edge AI platforms with attractive valuations, offering investors a chance to profit from the future of automated finance.The financial sector stands at the threshold of its most transformative era since the introduction of the ATM. Artificial intelligence (AI) will revolutionize operations from fraud detection to loan approvals, potentially saving banks billions while enhancing the customer experience.The global AI-in-banking market, valued at $3.88 billion in 2020, ...

Amid the closely fought U.S. presidential election and another imminent interest rate cut by the Federal Reserve, investors are trying to gauge how the stock markets will react. Against this backdrop, Bank of America (BAC) stock is gaining investors’ interest.History has shown that equity markets tend to perform well during election years. Presidential polls will result in heightened near-term market volatility, which will likely support BAC’s trading revenues. The company has been recording a steady rise i ...

Renowned value investor Warren Buffett has made significant changes to his portfolio in 2024. Notably, the Oracle of Omaha has slashed his holdings in Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC).At present, Buffett also holds a record amount of cash — at least $277 billion, a move which has caused widespread worries among investors that a stock market correction is due soon.However, the Berkshire Hathaway (NYSE: BRK.A) CEO does have a bullish view on some equities — one notable instance is his rece ...

Bank of America may ask a court to resolve the Consumer Financial Protection Bureau's (CFPB) investigation of the bank's processing of payments through the Zelle network. The bank said in a Tuesday (Oct. 29) filing with the Securities and Exchange Commission (SEC) that it has been responding to the CFPB's inquiry. "The CFPB staff has initiated discussions with the corporation to pursue a resolution of the inquiry or file an enforcement action," Bank of America said in the filing. "The corporation is evaluat ...

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 September 30, 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 incorpo ...

The Oracle of Omaha's genius remains rooted in a combination of simplicity and patience. Got an extra $1,000 you're looking to park in an investment worth owning for a while? That's easier said than done right now. Although the market isn't exactly dangerous at this time, stocks are relatively expensive, given the degree of economic uncertainty ahead. Nevertheless, a handful of tickers are not only still worth owning here but also worth buying at their current prices. If you need help finding some of these ...

Too Big To Fail banks aren’t known to be activist investors’ favorite targets, which is why I was shocked to hear that there’s some nascent chatter in activist circles that the nation’s second largest bank, Bank of America, could be on the so-called target list. The bearish-thinking goes that if big banks fail, the entire US economy will crash – which means they’ve been largely off limits to activists looking to exert boardroom change. But that doesn’t mean under the right circumstances, an activist play ag ...