NYSE - Delayed Quote • USD Bank of America Corporation (BAC-PB) Follow Compare 25.35 0.00 (0.00%) At close: October 14 at 3:59 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Bank of America, Q3 earnings, Fedspeak: What to Watch Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C) are among the next round of Big Banks to report corporate earnings, due out on Tuesday, October 15. Other notable companies reporting their third quarter earnings include UnitedHealth Group (UNH), Johnson & Johnson (JNJ), and Albertsons (ACI). Lastly, Federal Reserve Governor Adriana Kugler is set to release commentary tomorrow, with Wall Street listening closely for any clues to the central bank's next interest rate move in November. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan. Bank of America (NYSE:BAC) shareholders notch a 60% return over 1 year, yet earnings have been shrinking If you want to compound wealth in the stock market, you can do so by buying an index fund. But if you pick the right... Bank of America Folds Fintech Investment Banking Team Into Tech (Bloomberg) -- Bank of America Corp. has folded its fintech investment banking team into its technology practice, reflecting the industrywide shift in financial services toward software.Most Read from BloombergHow Mexico City Averted All-Out DroughtDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingAs Brussels Booms, an Old Boogeyman Returns: BrusselizationThe Cablebus Transformed Commutes in Mexico City’s Populous Outs US and European stocks rise with earnings in focus A deep dive into what moved markets across the global economy. Does Warren Buffett Know Something Wall Street Doesn't? The Billionaire Legend Dumps $9.6 Billion of Key Holding While Buying $345 Million of His Favorite Stock. The billionaire investor is making some curious moves. Berkshire Hathaway: Buy, Sell, or Hold? The company's stock holdings have shifted -- in some cases rather dramatically. Netflix earnings, retail rales data, Fedspeak: What to watch As the week concludes, hosts Julie Hyman and Josh Lipton preview key events investors should monitor in the coming week. Columbus Day will be observed on Monday, when the bond market (^TYX, ^TNX, ^FVX) will be closed while the stock market remains open. The third quarter earnings season continues in full force, with Big Banks such as Morgan Stanley (MS), Citigroup (C), and Bank of America (BAC) scheduled to report. Industry giants including Netflix (NFLX), Johnson & Johnson (JNJ), UnitedHealth (UNH), and ASML Holding (ASML) will also unveil quarterly results. Thursday brings the release of September retail sales data, offering fresh insights into consumer behavior. Economists anticipate a 0.3% reading, an increase from August's 0.1%. The housing market will be in focus next Friday with the release of Homebuilder Confidence and Housing Starts & Building Permits data. Investors can expect more commentary from Federal Reserve officials, with Fed Governor Christopher Waller and Fed Governor Adriana Kugler slated to speak. Their remarks should provide additional insights into the central bank's monetary policy outlook. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith Buffett Cuts Bank of America Stake Below 10%, Letting Him Trade in Secret (Bloomberg) -- Warren Buffett can take his time to reveal trades in Bank of America Corp. stock now that his conglomerate’s stake has been trimmed below a 10% regulatory threshold requiring rapid disclosure.Most Read from BloombergThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms, an Old Boogeyman Returns: BrusselizationChicago Marathon to Honor Kenyan Who Died After His World RecordSan Franci Stocks to watch next week: Netflix, LVMH, ASML, Rio Tinto and Goldman Sachs Earnings preview of key companies reporting next week and what to look out for. Why JPMorgan Chase, Bank of America, and Wells Fargo Are Trading Higher JPMorgan Chase and Wells Fargo reported third-quarter earnings this morning. Berkshire Hathaway's Bank of America Stock Holding Falls Below 10% Observers of Warren Buffett's Berkshire Hathaway have grown used to a drumbeat of filings saying the company had sold shares of Bank of America. Trades made public late Thursday brought Berkshire's stake in Bank of America below the 10% threshold that triggers a requirement for frequent reporting. After the newly disclosed sales, the Omaha, Neb., company owns exactly 775 million Bank of America shares—a nice, round number that corresponds to 9.99% of the bank's outstanding shares, according to Dow Jones Market Data. Berkshire Hathaway trims Bank of America stake below 10% Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) has further cut its stake in Bank of America (BAC) to below 10%. Berkshire has unloaded a total of 257 million shares over the past 13 weeks. Morning Brief Hosts Seana Smith and Brad Smith report more on the move and discuss some of the reasons influencing the decision. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl Buffett Dumps More Bank of America Stock, No Longer Has To Report Moves Promptly Warren Buffett's Berkshire Hathaway sold off more of its stake in Bank of America, and no longer will have to report that information in a timely manner. How To Earn $500 A Month From Bank of America Stock Ahead Of Q3 Earnings Bank of America Corporation (NYSE:BAC) currently offers an annual dividend yield of 2.6%. That’s a quarterly dividend amount of 26 cents per share ($1.04 a year). To earn $500 monthly from the Charlotte, North Carolina-based firm, start with a yearly target of $6,000 ($500 x 12 months). Next, we take this amount and divide it by Bank of America's $1.04 dividend: $6,000 / $1.04 = 5,769 shares So, an investor would need to own approximately $230,587 worth of Bank of America, or 5,769 shares to gen Warren Buffett's Berkshire Hathaway trims Bank of America stake below 10% Warren Buffett's Berkshire Hathaway has dropped its holdings in Bank of America below a 10% threshold, capping three months of selling that netted the conglomerate roughly $10 billion. This Is the One Stock Warren Buffett Keeps Buying, Regardless of Valuation Buffett has spent close to $78 billion purchasing shares of his favorite stock since the midpoint of 2018. Warren Buffett Reduces Stake in Bank of America On October 10, 2024, Warren Buffett (Trades, Portfolio)'s firm made a significant adjustment to its investment portfolio by reducing its stake in Bank of America Corp (NYSE:BAC). Following this transaction, the firm still holds a substantial number of shares, totaling 775,000,000, which represents 11.1% of its portfolio and 9.99% of the bank's outstanding shares. Warren Buffett (Trades, Portfolio), often referred to as "The Oracle of Omaha," is a legendary figure in the investment world. Warren Buffett Reduces Stake in Bank of America To Below 10% The Oracle of Omaha has sold shares in Bank of America since July Berkshire Sells More Bank of America Stock; Now Holds 10% Stake It’s unclear whether Berkshire Hathaway CEO Warren Buffett is finished paring the Bank of America stake. Buffett's Berkshire cuts stake in BofA to below 10% Billionaire Warren Buffett's Berkshire Hathaway unloaded more Bank of America stock this week that takes its stake in the U.S. banking giant below 10%. Berkshire sold 9.5 million shares worth $382.4 million for this week, according to a regulatory filing on Thursday. The U.S. Securities and Exchange Commission requires shareholders that own more than 10% of a company to disclose stock purchases and sales within two business days. Performance Overview Trailing total returns as of 10/14/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return BAC-PB S&P 500 YTD +6.82% +22.85% 1-Year +14.60% +35.40% 3-Year +12.23% +34.28%